US follows UK in proposing to tax carried interest as income rather than capital gains

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US follows UK in proposing to tax carried interest as income rather than capital gains

Donald Trump isn't the first US president to try this, Dechert lawyers say, but he may be the first to succeed. Meanwhile, UK Chancellor Rachel Reeves is still consulting on the details.

Jonathan Braude

Feb 10, 2025

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US follows UK in proposing to tax carried interest as income rather than capital gains

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