Chris Bowen, the opposition Australian Labor Party's (ALP) treasury spokesperson, said that the PBO analysis proved the true impact of the plan on Australia's finances. "(Prime Minister) Scott Morrison has famously repeated in the last week his view that income tax cuts aren't a 'cost' to...
The Carried Interest Rules, enacted by Pub. L. No. 115-97 (commonly known as the Tax Cuts and Jobs Act), generally impose a new three-year holding period requirement in order for gains arising with respect to a "carried interest" in an applicable partnership interest (an "API") to qual...