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Proposed Treasury Regulation § 1.707-2 issued by the IRS on July 22, 2015, targets private equity, and in rare cases, hedge fund managers looking to convert their management fee to an equity interest in hopes of being taxed at the lower long-term capital gain rate. Private equity managers have used this practice for more than a decade without any action by the IRS. So why the change? High profile private equity firms were using this strategy of converting management fees which are normally taxed at ordinary income rates to that of long-term capital gain rates

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In the fantastic, utterly un-politically correct movie Blazing Saddles, Madeline Kahn plays a lisping, tuetonic, burlesque dancer (and at least part time lady of the evening) by the name of Lily von Shtupp. Enlisted to help rid Rockridge of its new sherrif, we get to see Lily in action as she performs one of the

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Greetings, Let’s start with several developments in Japan. 1. The BOJ’s core CPI measure disappoints, as the 2% inflation target remains elusive. The situation is further exacerbated by the recent strengthening of the yen. Source: @business 2. The 10yr JGB yield continues to drift deeper into negative territory. 3. It seems that the Japan’s central

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