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August 29, 2008 2:24:23 PM CDT

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Stories related to: capital gains tax

Stories

5 Stories

  • June 2008

    • Sleight of Hand Has IRS After Billionaire

      Wall Street Journal  |  Jun 9, 08 1:45 PM CDT

      Sleight of Hand Has IRS After Billionaire

      (Newser) - The IRS is going after the US’ 41st-richest man, the Wall Street Journal reports, as part of a larger move to curtail one method of skirting capital-gains taxes. Philip Anshutz owes $143.6 million in back taxes on a “variable prepaid forward contract” deal he made in 2000 and 2001; though the billionaire claims a technicality, the agency is looking into similar transactions. More »

      Tags

      IRS  • stock  • tax evasion  • capital gains tax  • loopholes

  • May 2008

    • Three Former SEC Heads to Endorse Obama

      Wall Street Journal  |  May 14, 08 2:00 PM CDT

      Three Former SEC Heads to Endorse Obama

      (Newser) - Three former heads of the Securities and Exchange Commission, including President Bush appointee William Donaldson, will endorse Barack Obama today, joining with former Fed chair Paul Volcker to say the candidate will take a “reasoned approach” to “balanced regulatory reform.” Donaldson said he was especially impressed by Obama’s recent comment that he would overhaul regulations for any business that borrows from government. More »

      Tags

      Barack Obama  • George W. Bush  • SEC  • capital gains tax  • Paul Volcker

  • October 2007

    • Buffett: I Should Pay More Taxes

      Guardian (UK)  |  Oct 31, 07 10:41 AM CDT

      Buffett: I Should Pay More Taxes

      (Newser) - America’s second-richest man, Warren Buffett, stood up for the little guy last night, telling NBC that he and über-wealthy people like him should pay more taxes. The system has dramatically “tilted toward the rich and away from the middle class,” he said. Surveying his office, Buffett found his 17.7% tax rate was less than anyone—“from the receptionist up.” More »

      Tags

      taxes  • Warren Buffett  • tax cuts  • tax breaks  • capital gains tax  • Chamber of Commerce

  • July 2007

    • Blackstone Partners Profit on IPO Taxes

      New York Times  |  Jul 13, 07 10:54 AM CDT

      Blackstone Partners Profit on IPO Taxes

      (Newser) - The Blackstone Group's partners have expertly negotiated a labyrinth of loopholes to dodge taxes on $3.7 billion they raised with an IPO last month, the Times reports. The maneuver comes as congress discusses what to tax private equity managers, but analysts say the rate debate misses the point; firms are just too good at dancing through the tax code. More »

      Tags

      taxes  • IPO  • Blackstone Group  • capital gains tax

    • Funds Can't Find Friends in Anti-Tax Fight

      Wall Street Journal  |  Jul 11, 07 9:01 AM CDT

      Funds Can't Find Friends in Anti-Tax Fight

      (Newser) - Wall Street's hedge-fund and private-equity titans are looking for allies in their fight to prevent a tax hike on profits—but they're having trouble recruiting, today's Journal reports. As the first Senate hearings on the proposed hikes get under way, representatives from venture capital, public pension funds, and investment firms are seeking to distance themselves from their lightning-rod siblings. More »

      Tags

      Congress  • Senate  • private equity  • hedge fund  • venture capital  • income tax  • pensions  • capital gains tax

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