U.S. and EU Antidumping and Countervailing Duty Proceedings

The Republican Chairman of a key U.S. Congressional tax-writing committee, House Ways and Means Chairman Dave Camp (R-Mich.), has shaken the U.S. private equity industry by proposing a complete restructuring of the tax rules governing “carried” or profits interests of private equity fund managers, as well as the ending of publicly-traded investment partnerships, as part of his comprehensive legislation to re-write the U.S. tax law under the “reform” banner. In addition, Chairman Camp has proposed changes to taxing capital gains and dividends and tighter limits on the deductibility of U.S. business interest expense for both U.S.-based and foreign-based multinational groups.

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