The tax paid by partners in private equity deals has become a political issue in both North America and the UK in the last few months. Tax professionals on both sides of the Atlantic believe that the tax bill for private equity partners will increase. The character of the debate in the two centres, however, has been profoundly different. Bob Reynolds took the temperature of the water
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While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort