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House Targets Hedge-Fund Tax Deferments

New bill would cut tax deferrals on overseas income for managers

By Lucas Laursen,  Newser Staff

Posted Sep 7, 2007 7:56 AM CDT

(Newser) – Democratic Rep. Rahm Emanuel said yesterday he will draft a bill to close a loophole that allows private-equity and hedge-fund managers to defer taxes on income earned by funds abroad. Emanuel proposes to limit such tax deferrals to $19,500—the amount anyone can put...   Read full story »

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