Timothy Spangler Quoted on U.K. Capital Gains Tax Increase in The Deal and The Wall Street Journal
October 9, 2007
Timothy Spangler, head of the Investment Funds group, was quoted on October 9 in The Deal article titled "U.K. Raises Carried Interest Level" and on October 10 in The Wall Street Journal article titled "U.K. to Boost Tax on Rich." The articles discuss the British government's recently announced increase in the capital gains tax rate from 10% to 18%, in addition to modifications to other U.K. tax regulations. Mr. Spangler commented on the impact the announcement, which he views as a "moderate response," may have on the U.S. debate over the taxation of carried interest for private equity funds.