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Why Private Equity Isn’t Cheering the Tax Overhaul

The new law changes that calculus. Whereas there used to be no limit on the amount of interest that could be deducted, from now on, a company can only deduct interest expense equal to 30 percent of its Ebitda, or earnings before interest, taxes, depreciation and amortization. (In 2022, the …

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Christine Beshar, Trailblazing Lawyer, Dies at 88

“I can feel it in my gut still,” she recalled in a video interview with Bloomberg Law in 2013. “What do you do when profession and family clashes?” Cravath’s 60 or so partners approved the on-site service with only one dissent, she said. Years later she found that professional women …

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Trump’s Win on Tax Cuts Could End Up a Rare One

Photo Members of Congress sparred on Friday over proposals to authorize stopgap funding until mid-February. Credit Shawn Thew/European Pressphoto Agency Tax cuts are looking like a rare win for President Trump. His first anniversary in the White House on Saturday coincides with a possible federal funding hiatus. Slashing corporate taxes …

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