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New York State Seeks to Recharacterize a Nonresident Partnerís "Carried" Interest
In an effort to balance the New York State budget, Governor Paterson is supporting a proposal to amend the stateís tax law with respect to the treatment of carried interest income of nonresident fund managers from an investment fund located in New York as income for the performance of services, rather than investment income.
United States
8 Jul 2010
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