Buy-out tax fears over next US president

The Financial Times reports:

The private equity industry faces the threat of higher taxes next year no matter who wins this year’s US presidential election, the head of the Private Equity Council warned on Wednesday.

“The US government is short of money, so they are going to look to raise taxes wherever they can and we are an obvious target, whoever wins this year’s race,” said Douglas Lowenstein, president of the lobbying group.