Trump seeks to close tax loophole enjoyed by private equity groups

• Temu parent PDD's stock tumbles as Trump tariffs close trade loophole

  PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.
  
  CNBC - 3d

• Dems launch group to hit Trump on tax cuts

  Organizers say the nonprofit will be backed by an eight-figure funding campaign.
  
  Politico - Jan. 30

• Which projects qualify for home equity loan tax deductions?

  Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.
  
  CBS News - Jan. 28
• 

  Investors offloaded record volume of private equity stakes in 2024

  Booming secondary market as pension funds and buyout groups seek alternative ways to cash out
  
  Financial Times - Jan. 27

• Khan warns of ‘catastrophic consequences’ if Trump gives free hand to private equity

  Joe Biden’s antitrust boss also raises prospect of powerful monopolies corrupting US politics
  
  Financial Times - Jan. 26
• 

  City Council Takes Aim at Adams and Ally by Closing Lobbying Loophole

  New York’s City Council passed a bill to limit top city officials from lobbying city agencies after leaving government. It was inspired by Frank Carone, an adviser to Mayor Eric Adams.
  
  The New York Times - Jan. 23

• Private equity firm Providence weighs £1bn sale in latest events transaction

  Company in early-stage deliberations over sale of CloserStill amid surging demand for conferences
  
  Financial Times - Jan. 15
• 

  Private equity targets Europe for big buyout deals

  Total value of large private equity deals in Europe increased at twice the rate of the rest of world in 2024
  
  Financial Times - Jan. 12

• Private equity in 401(k) plans? ‘Highly risky’ for the average investor.

  The private-equity industry wants more access to retirement accounts.
  
  MarketWatch - Jan. 11
• 

  Hochul Seeks to Limit Private-Equity Ownership of Homes in New York

  Widespread purchases of single-family homes by institutional investors may be contributing to soaring housing prices and low vacancy rates across the country.
  
  The New York Times - Jan. 9

More from Financial Times

• 

  Bank of England halves growth forecast and cuts rates to 4.5%

  Revised economic estimates come as blow to Labour and stoke stagflation fears
  
  Financial Times - 8h
• 

  BoE’s grim outlook highlights scale of the challenge for Rachel Reeves

  UK central bank has forecast weaker growth, higher inflation and rising unemployment
  
  Financial Times - 6h
• 

  Quantum computing is overshadowed by rapid advances in AI

  Potentially transformative, the idea has yet to show practical value, as the boundaries between the two fields shift
  
  Financial Times - 7h
• 

  Musk barred from accessing US Treasury payments data

  Temporary order restricts efforts of billionaire’s Department of Government Efficiency to infiltrate multitrillion dollar system
  
  Financial Times - 4h
• 

  Trump imposes sanctions on ICC officials in new executive order

  President claims International Criminal Court ‘undermines the critical national security’ of US and allies such as Israel
  
  Financial Times - 1h

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