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US-based associates’ salaries have surged 14% over the past 12 months, but managing partner pay has remained stagnant for the second year running.
Experts believe the issue could emerge as a bargaining chip as the Republicans try to get their tax reform through the political system.
Less than half of GPs are ‘up to speed’ with investor information demands, a survey found.
Interest paid on new loans will be taxable under reform proposals, but the rules are unlikely to apply to existing debt.
The regulator has issued a risk alert after finding consistent shortcomings in the way performance is advertised.
The OCC’s investigation could be the first step in dismantling the regulation that restricts a bank’s ability to invest in private equity.
Industry players predict closing the carried interest loophole will be an immediate priority for the incoming US president.