Republican Party » New York probes private equity tax strategy: source

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01 Sep

New York probes private equity tax strategy: source

(Reuters) - At least a dozen U.S. private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy is legal, a source familiar with the situation said on Saturday. Among the firms are Bain Capital, which was once headed by Republican presidential nominee Mitt Romney; Kohlberg Kravis Roberts & Co ; TPG Capital ; Apollo Global Management ; and Silver Lake Partners, the source said. The office of Attorney General Eric Schneiderman declined to comment. The firms were not immediately available for comment. …

Original post by Reuters and software by Elliott Back

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New York probes private equity tax strategy: source

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