I Spy an ISPI — Proposed Carried Interest Legislation May Apply to More Businesses and Transactions Than You Think (KPMG)

July 2010

KEYWORDS: tax, carried interest, partnership, partnership taxation, enterprise value


Carol Kulish Harvey, James B.Sowell, Deborah Fields

  • KPMG

As currently drafted, proposed carried interest legislation could apply to interests in partnerships in virtually any kind of business and could fundamentally change how partnerships are taxed. This article first provides a brief background regarding the proposed legislation. Then it explores the potential breadth of certain definitional and operative rules contained in the most recent iteration of the legislation.

Related Research and Data