Buy-out chief calls for rethink on tax rate

Sir Ronald Cohen, one of the founding fathers of the UK’s private equity industry and prominent business ally of Gordon Brown, has added to criticism of the industry by suggesting partners running “mega-funds” should pay more tax.

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Jim Pickard on the possible revision of private equity tax breaks

In a Financial Times interview, Sir Ronald, founder of private equity giant Apax Partners and one-time chairman of the British Venture Capital Association, said treatment of the largest firms should be re-examined.