FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Private Equity

Private equity tax raid would cripple London, City minister Bim Afolami tells FN Leadership Roundtable

Debate rages over how to tax carried interest on buyouts

By Justin Cash
'The industry is worried,' Afolami tells FN
'The industry is worried,' Afolami tells FN Photo: Pat Scaasi/Getty Images

A tax raid on private equity would be a disaster for UK financial services, the City minister has warned.

Labour’s plans to hit buyout bosses’ carried interest payments should they come to power are causing concern among firms, Bim Afolami told Financial News’s latest Leadership Roundtable.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade