Private equity and real estate managers get a "costly and unjust [tax] perk"

by Linda Beale Private equity and real estate managers get a “costly and unjust [tax] perk” Through a process of Wall Street interpretation of the law and the “Wall Street Rule” (that says that the government tax administration will have great difficulty gainsaying an interpretation of the tax laws that lots of high-powered–read “wealthy”–Wall Street […]