Is Private Equity Using a Gray Area of the Tax Law?

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Sept. 4 (Bloomberg) -- New York Attorney General Eric Schneiderman is probing a practice that reduces tax liability of the buyout firms by converting management fees paid by their investors into fund investments, which are taxed at a lower rate. Tangent Capital Partners' Bob Rice talks with Deirdre Bolton on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

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