Monte A. Jackel, Lecturer/Of Counsel to Leo Berwick, LP, was quoted in a Tax Notes Federal article regarding the political challenge associated with writing regulations that extend the book income tax to the private equity industry.
Tax Notes Federal
Date: August 13, 2022
By Lee A. Sheppard
Private Equity's Book Income Tax Problem
The IRS and Treasury will be challenged, politically, to write regulations that extend the book income tax to the private equity industry, given the industry’s vast influence. And litigating with the industry could take years — and might fail. But the alternative could be worse: forgoing tax revenue and allowing the industry to notch another tax victory,” said Monte A. Jackel, of counsel to Leo Berwick and an adjunct professor at Catholic University Law School.