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Trump Could Target ‘Carried Interest’ Tax Loophole: Official

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Full Article: Trump Could Target ‘Carried Interest’ Tax Loophole: Official

By: Kitco News

The Trump administration’s push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday.

President Donald Trump campaigned before the Nov. 8 election to eliminate the so-called “carried interest” loophole, which is used by many financial managers to lower tax obligations. But a rough outline for a major tax overhaul released last week failed to mention the loophole.

Full Article: Trump Could Target ‘Carried Interest’ Tax Loophole: Official

By: Kitco News

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