How Private Equity Firms Avoid Taxes

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.

#apollo-global-management, #bain-capital, #biden-joseph-r-jr, #blackstone-group-the, #capital-gains-tax, #carlyle-group-lp, #federal-taxes-us, #government-accountability-office, #high-net-worth-individuals, #income-inequality, #income-tax, #internal-revenue-service, #kirklandellis, #kkrco-lp, #mnuchin-steven-t, #private-equity, #rettig-charles-p, #schwarzman-stephen-a, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-shelters, #tpg-capital, #treasury-department, #trump-donald-j, #united-states-politics-and-government, #whistle-blowers

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Citigroup’s $900 Million Defeat

Citi committed “one of the biggest blunders in banking history,” a federal judge says.

#banking-and-financial-institutions, #carlyle-group-lp, #citadel-investment-group, #citigroup-inc, #corporate-social-responsibility, #greenhouse-gas-emissions, #robinhood-financial-llc

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Taylor Swift Denounces Scooter Braun as Her Catalog Is Sold Again

The music manager acquired the rights to the pop superstar’s first six albums as part of a deal with her former label, Big Machine. Now he has sold them to the investment firm Shamrock Capital.

#big-machine-label-group, #braun-scooter-1981, #carlyle-group-lp, #pop-and-rock-music, #private-equity, #shamrock-capital, #swift-taylor

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Push for Profits Leaves Nursing Homes Struggling to Provide Care During Coronavirus Pandemic

Some with private equity owners, focused on making money, were particularly ill equipped and understaffed to handle Covid-19.

#carlyle-group-lp, #coronavirus-2019-ncov, #formation-capital-corporation, #hcr-manorcare, #nursing-homes, #private-equity

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Push for Profits Left Nursing Homes Struggling to Provide Care

Some with private equity owners, focused on making money, were particularly ill equipped and understaffed to handle Covid-19.

#carlyle-group-lp, #coronavirus-2019-ncov, #formation-capital-corporation, #hcr-manorcare, #nursing-homes, #private-equity

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Private Equity, Lobbying the U.S. for Help, Is Mostly Hearing ‘No’

As the government rolls out trillions of dollars in emergency stimulus funds, a push by the industry has met with only modest success.

#american-investment-council, #apollo-global-management, #better-markets-inc, #blackstone-group-the, #carlyle-group-lp, #coronavirus-2019-ncov, #credit-and-debt, #lobbying-and-lobbyists, #private-equity, #stimulus-economic, #term-asset-backed-securities-loan-facility-talf, #united-states, #united-states-economy, #united-states-politics-and-government

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