A Tax Advantage For Lbo Dealmakers

LBO fees nixed as deductible in '86 just became legal again

Relax, all you 1980s raiders and other gonzo leveraged-buyout kings. Your debt-fueled deals, once in the taxman's gunsights, are safe. A little-noticed provision tucked in the minimum-wage-hike bill, signed on Aug. 22 by President Clinton, makes investment-banking fees for leveraged buyouts retroactively tax-deductible.

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