Daniel Loeb on Taxes
futureofcapitalism.com

In the Financial Times, John Gapper, in the course of a mostly but not entirely wrong-headed column on taxing partnerships and money managers, notices another capitalist speaking out against efforts by the Obama administration and the Democrat-controlled Congress to single out a group of fund managers for tax increases:

Daniel Loeb, founder of the hedge fund Third Point, described a proposed change in the taxation of sales or initial public offerings of such funds as an "arguably unconstitutional Bill of Attainder" that showed the Obama administration was "operating from a playbook quite different from the one we are used to as American business people."

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Daniel Loeb on Taxes
futureofcapitalism.com

In the Financial Times, John Gapper, in the course of a mostly but not entirely wrong-headed column on taxing partnerships and money managers, notices another capitalist speaking out against efforts by the Obama administration and the Democrat-controlled Congress to single out a group of fund managers for tax increases:

Daniel Loeb, founder of the hedge fund Third Point, described a proposed change in the taxation of sales or initial public offerings of such funds as an "arguably unconstitutional Bill of Attainder" that showed the Obama administration was "operating from a playbook quite different from the one we are used to as American business people."

Read More...