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PBR 2007 — City View

Stephen Edge of Slaughter and May brings us the City reaction to the PBR 2007 concentrating on how private equity would be dealt with
This was clearly the most politically charged budget statement we have had for many years.
Conflicting views on private equity
The key point was always going to be how private equity would be dealt with. At each end of the spectrum opponents and supporters had been arguing both that any change to the current regime would be a disaster and that all profits should be taxed as income because they were just additional remuneration for those arranging deals.
There has been much hype about private equity in recent months. The controversy...

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