Tax Changes Ahead: What Should Keep You Awake at Night? (By invitation only)Tuesday, May 1, 2012
11:00 AM - 12:15 PM
Jeff DeBoer, Founding President and CEO, The Real Estate Roundtable
Victor Fleischer, Associate Professor of Law, University of Colorado Law School
Steve Judge, President and CEO, Private Equity Growth Capital Council
Donald Rocap, Partner, Tax Group, Kirkland & Ellis LLP
Laurence Tosi, Chief Financial Officer, Blackstone
The last complete overhaul of the tax code was in 1986. Every day, there are calls for comprehensive tax reform to increase simplicity, competiveness and fairness. While the prospects for fundamental reform will become clearer after the election, its framework is being developed now. Proposals from Congress and the administration would make significant changes to the way private equity and venture capital would be taxed by raising rates and limiting deductions. This panel will discuss proposals on how to tax carried interest and enterprise value, to limit the ability to be taxed as a pass-through, and to limit the deductibility of interest. It will provide insight into the current political landscape in Washington, discuss whether these proposals are good tax policy and analyze their potential impact on private equity, venture capital and real estate.