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Private Equity

Budget 2016: Osborne to limit tax deductibility of debt

Private equity firms and their portfolio companies are set for big tax changes under the UK Chancellor's plans

George Osborne
George Osborne

The UK Chancellor of the Exchequer George Osborne has laid out changes to the tax deductibility of debt that are likely to have a significant impact on the companies that private equity firms own – and ultimately on how private equity firms structure deals.

The plans are part of a global push by the Organisation for Economic Co-operation and Development to crack down on tax avoidance by international companies.

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