Corpus ID: 154098151

Carried Interests: Can They Effectively be Taxed

  title={Carried Interests: Can They Effectively be Taxed},
  author={David J. Herzig},
  journal={Entrepreneurship \& Law eJournal},
  • D. Herzig
  • Published 2009
  • Economics
  • Entrepreneurship & Law eJournal
During the April 2008 Democratic Debate, former Senator Obama with former Senator Clinton almost referred to the subject matter of this article verbatim at page three of the transcript. (“We saw an article today which showed that the top 50 hedge fund managers made $29 billion last year -- $29 billion for 50 individuals. And part of what has happened is that those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries… Expand
An investigation into the normal tax implications of a carried interest in South Africa
‘Carried interest’ is not defined in the South African Income Tax Act 58 of 1962 as amended (the Act), nor has it been subject to scrutiny in South African courts. Uncertainty prevails regarding theExpand