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For most people, tax time can be a headache—though for earners with traditional compensation packages, it can at least be fairly predictable (W-2 wages, withheld taxes, 401(k) contribution deductions, etc.). Each taxpayer receives a copy of their K-1, which they then use to complete their own tax return.
I was talking to one of our founders, he said, look, a lot of people think we’re in Zug for tax reasons. RITHOLTZ: And isn’t that how private equity locates its headquarters? RITHOLTZ: And are there that much tax advantages to be in Switzerland if you’re operating throughout Europe? Set up a shop over there.
Last year, I went to an National Venture Capital Association dinner where the President of the organization, Bobby Franklin, spoke about all the great things our lobbying group was doing for VCs—like keeping our carried interest tax loophole. Absolutely. and the idea of “do no harm”.
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