Is Private Equity Using a Gray Area of the Tax Law?
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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Russian Energy Minister Sees Option to Extend Oil Cuts
22:34 - Russian Energy Minister Alexander Novak discusses a possible extension to oil output cuts. He speaks on "Bloomberg Markets." (Source: Bloomberg)