Lobby groups shun private equity tax fight
By Stephanie Kirchgaessner in Washington
Published: July 29 2007 22:03 | Last updated: July 29 2007 22:03
Two influential business lobby groups are staying out of the fight over the taxation of the private equity industry, leaving buy-out chiefs with few powerful corporate allies to help their case in Washington.
The Business Roundtable, an association of more than 100 top chief executives, and the Financial Services Forum, which represents the banking industry, have decided against taking a position on two proposals in Congress that could significantly raise taxes for private equity groups and their executives.