PBHFA Rejects Trump's Hedge Fund Tax Proposal

[marketsurfer]

The hedge fund industry, for its part, rejects Trump’s rhetorical digs.

“We are in the midst of a hedge fund migration from high-tax jurisdictions, such as New York and Connecticut, to South Florida to avoid state taxes,” the Palm Beach Hedge Fund Association said in a statement. “Any tax increases proposed by Mr. Trump or other presidential candidates for hedge funds may potentially result in massive migration to offshore domiciles. Forcing the engines of wealth creation, such as hedge funds, offshore helps no one across the economic spectrum in the U.S.”



https://sso.cmgdigital.com/static/server.html?origin=http://www.mypalmbeachpost.com/news/business/as-trump-decries-hedge-fund-managers-his-tax-plan-/nnsxj/

 

[destriero]

Here is a link that works:

http://www.mypalmbeachpost.com/news...ries-hedge-fund-managers-his-tax-plan-/nnsxj/

 

[i960]

"the engines of wealth creation" <-- that's a laugh.