Friday, Sep 14, 2007
The PE industry should be closed down!!
guardian: Treasury must ignore private equity threat
this piece of special pleading carries such a strong smell of arrogance that it's worth examining.
Posted by inbreda @ 09:13 AM (228 views) Add Comment
2 Comments
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1. Yorkshireman said...
Myabe I am missing the point. Industry makes or provides goods or services and sells them for a profit. If that industry fails, it goes out of business, with all the associated consequences.
How can Private Equity be an industry ?
What does it produce ?
Why should we, the taxpayers be asked or indeed threatened into supporting it ?
Maybe someone can enlighten me.
2. japanese uncle said...
Again, I emphasize that PE bosses who already devoured the money entrusted to them on a special tax-free regime for themselves, must be stripped of their PLC status, to be foreced to compensate, to the last button of their shirts, including of course their assets in tax havens throughout the world.