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First published in FINANCIAL TIMES., 12 November 2017
Private equity firms are preparing to unleash a “lobbying bonanza” in Washington in an attempt to push back against parts of proposed US tax reforms that are expected to cause severe disruption for the buyout industry.
The sweeping Republican tax reform package first floated two weeks ago has panicked private equity executives who claim the changes will make buying and selling US companies harder and deter some companies from investing in the country.
Discover more: Private equity fights back on USA
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Tim Wach, managing director at Taxand, an international network of tax advisers, said the corporate tax changes “will likely make investments into the US less attractive”. He said: “[These rules] will give rise to lots of challenges when trying to structure cross-border investments from a private equity perspective.”