Members of Congress have been calling for raising taxes on the profits of private equity firms and hedge funds, along with taxing the incomes of their top managers at the same rate as managers of corporations.
One of the main drivers has been the IPO of The Blackstone Group, which netted the company $4.75 billion. Some observers worry that the firm will try to avoid paying taxes on the bulk of its gains by attributing a big chunk of that amount to goodwill.
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