We are coming to terms with US tax reform in the shape of the Tax Cuts and Jobs Act, the most substantive change in US tax legislation since 1986. The broad intent was to reduce taxes for both individuals and corporations, yet the American abroad may not achieve this. In a series of articles by BDO’s London-based private client US tax advisory team, it considers the recent US Tax reform through the eyes of the American abroad. In this fourth instalment, BDO tax partner Mark Walters looks at the impact of US tax reform on private equity investors in non-US funds.
Carried interest
Carried ...