Labour’s Right to Make Private Equity Tax Fair: Paul J. Davies

Britain’s Labour Party is coming for the low tax enjoyed by private equity managers. There will be overcooked threats of executive flight and a loss of investment in the UK. But the pain might be less than the industry fears — the fine details are still scant.

Rachel Reeves, the likely finance minister if Labour wins the general election in July, could still be cautious about how sharply she raises tax rates on the industry’s performance-linked pay. Her plans won’t be fully clear until the autumn budget, and she’s expected to consult with private equity lobbyists and bosses before then. Reeves needs <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SEUJ4IT0AFB4","_id":"00000190-14e8-d5f2-a594-d7ecf0a40000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">private investment to help get the ...