Friday, 22 June 2007

Blackstone's India Fund benefits from tax haven

(Reuters) - A U.S. crackdown on tax loopholes for private equity giants such as Blackstone could spur investors to plow their money into offshore vehicles that get soft tax treatment. U.S. lawmakers have proposed legislation that could double the tax burden for Blackstone and others.




A symbol of U.S. superwealth, Blackstone made its debut on the New York Stock Exchange on Friday after raising $4.13 billion in an initial public offering.


Read more at Reuters.com Hot Stocks News

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