(Bloomberg) -- U.K. Chancellor of the Exchequer
Gordon Brown shouldn't bow to union demands and introduce
``dangerous'' tax increases for private equity firms, the head of
Europe's Private Equity and Venture Capital Association said.
The Trades Union Congress is pressing Brown to make
executives at leveraged buyout firms pay tax at 40 percent, the
highest income tax rate in the U.K., on the profit from their
investments instead of the 5 percent rate they pay now. A panel
of British Members of Parliament meets today to start questioning
industry executives, part of a probe of the buyout industry.
Read more at Bloomberg Bonds News
Gordon Brown shouldn't bow to union demands and introduce
``dangerous'' tax increases for private equity firms, the head of
Europe's Private Equity and Venture Capital Association said.
The Trades Union Congress is pressing Brown to make
executives at leveraged buyout firms pay tax at 40 percent, the
highest income tax rate in the U.K., on the profit from their
investments instead of the 5 percent rate they pay now. A panel
of British Members of Parliament meets today to start questioning
industry executives, part of a probe of the buyout industry.
Read more at Bloomberg Bonds News
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