Written by Parabellum Investments
28 Oct
Speaking with City AM, Cassis threw his weight behind Chancellor Rachel Reeves’ plans to bring carried interest in line with income tax – but called for an exception for partners who risk their own capital.
Rami stated that he agrees with the proposal to reform the tax on carried interest, comparing it to performance bonuses at non-PE firms, and explained that it should be taxed accordingly. He believes this approach would encourage genuine entrepreneurship and sustainable wealth creation over short-term financial gains.
Rami quashed fears that the new tax proposals will lead to an exodus of private equity firms from London, maintaining that London remains unmatched in its global appeal. He listed the UK’s world-class education, legal infrastructure, and unique access to US markets as reasons that London will remain a popular hub for the sector, despite tax reform.
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