Private equity always seems to win at the tax-avoidance game. That’s unsurprising for a sector that retains attorneys able to run circles around their counterparts at the understaffed US Internal Revenue Service, and that deploys a bevy of well-heeled lobbyists to quash government attempts to curb the industry’s questionable practices. In this eye-opening article, journalists Jesse Drucker and Danny Hakim report how changes in US tax law continue to redound to private equity’s advantage.
About the Authors
Jesse Drucker and Danny Hakim are investigative reporters at The New York Times.