Robert Rubin latest to favor the VC-private equity tax

June 13, 2007 | Matt Marshall | Comments | |

robertrubin.jpgRobert E. Rubin, the former Treasury secretary in President Bill Clinton’s administration and now Citigroup exec, has come out in favor of the private equity tax.

“It seems to me what is happening is people are performing a service, managing peoples’ money in a private equity form, and fees for that service would ordinarily be thought of as ordinary income,” Mr. Rubin was cited saying by the NYT. He said he he was not a tax expert but that issue should be looked at “with great seriousness” by the appropriate tax committees in Congress.

The NYT has the story.

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  • Jonathon
    Just what America needs.. another way to stifle innovation and/or a good work ethic.
  • Peter Gwynne
    emissions tax
    PE tax

    what's next tooth fairy tax? Maybe Kiler Bee tax?
  • SlickDealer
    I dont think tax necessarily would stifle innovation or strong work ethics. I also dont think tax on private equity would really go far. A poster from the earlier vc article (ron conway) said it best, "strength of US capital markets is one of our last remaining advantages in maintaining an edge in high tech."