Trump White House eyes interest deductibility in push for tax reform


Steven Mnuchin, Gary Cohn, Donald Trump, private equity, hedge fund, tax reform
  • Interest deduction seen as important revenue raiser
  • Losing deduction would hurt profits of PE and investors
  • PE lobby coordinating with other industries to prevent shift
The deductibility of interest payments is becoming increasingly central to Republican tax-reform plans this year. Companies often assume large amounts of debt when they’re acquired by private equity firms. If those companies can’t deduct interest payments on that debt from ...

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