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Pub. L. No. 115-97, the law formerly known as the Tax Cuts and Jobs Act of 2017 (TCJA), added new section 1061 to require some carried interests to have a capital gain holding period of over three years (rather than the usual one year) to qualify for long-term capital gain tax rates. Treasury...
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active when managers are performing in a superior fashion. Two important conclusions emerge from the analysis. First, similar … higher cash compensation to induce managers to take risk …
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