<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/css" media="screen" href="http://s2.wp.com/wp-content/themes/vip/newyorkobserver/stylesheets/rss.css"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Observer &#187; BAML</title>
	<atom:link href="http://observer.com/term/baml/feed/" rel="self" type="application/rss+xml" />
	<link>http://observer.com</link>
	<description></description>
	<lastBuildDate>Thu, 20 Jun 2013 01:14:58 +0000</lastBuildDate>
	<language></language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='observer.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://1.gravatar.com/blavatar/dac0f3722a48a53be75eb06c0c4f5119?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>Observer &#187; BAML</title>
		<link>http://observer.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://observer.com/osd.xml" title="Observer" />
	<atom:link rel='hub' href='http://observer.com/?pushpress=hub'/>
		<item>
				
		<title>New York AG Probes Private Equity Tax Practice; Pointing the Finger at Facebook Exec: Roundup</title>

		<comments>http://observer.com/2012/09/new-york-ag-probes-private-equity-tax-practice-pointing-the-finger-at-facebook-exec-roundup/#comments</comments>
		<pubDate>Tue, 04 Sep 2012 07:45:56 -0400</pubDate>
					<link>http://observer.com/2012/09/new-york-ag-probes-private-equity-tax-practice-pointing-the-finger-at-facebook-exec-roundup/</link>
			<dc:creator>Patrick Clark</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=260641</guid>
		<description><![CDATA[<p>If you missed it over the weekend, New York Attorney General <strong>Eric Schneiderman</strong> is investigating the tax practices of private equity firms. At the center of the inquiry is the practice of <a href="http://online.wsj.com/article/SB10000872396390443571904577629831800831466.html?mod=WSJ_hp_LEFTWhatsNewsCollection">converting management fees</a> into investments that are taxed at more favorable rates. The private equity industry says such conversions are widely practiced and accepted; here's a <a href="http://victorfleischer.com/archives/306">tax lawyer </a>who says they're illegal.<!--more--></p>
<p>Andrew Ross Sorkin says the <strong>Facebook</strong> executive most responsible for the company's failed initial public offering has largely <a href="http://dealbook.nytimes.com/2012/09/03/david-ebersman-the-man-behind-facebook%E2%80%99s-i-p-o-debacle/">escaped blame</a>.</p>
<p>A former partner at <strong>Dewey &amp; LaBoeuf</strong> is suing Citigroup, charging that the lender <a href="http://dealbook.nytimes.com/2012/09/03/ex-partner-at-dewey-and-leboeuf-says-citibank-hid-firms-financial-troubles/">helped hide</a> the law firm's financial problems.</p>
<p>An Argentinean judge issues an arrest warrant for Credit Suisse exec <strong>David Mulford</strong>, who's wanted for <a href="http://www.businessweek.com/news/2012-09-03/argentine-orders-arrest-of-credit-suisse-s-mulford-telam-says">failing to testify</a> in a probe of the country's 2001 debt default.</p>
<p>Multinationals such as <strong>American Express</strong> and Spanish bank BBVA are dabbling in <a href="http://dealbook.nytimes.com/2012/09/03/multinationals-stake-a-claim-in-venture-capital/">venture capital</a>, according to <em>The Times.</em></p>
<p><strong>Jim Cramer</strong> gets better ratings when <em>Mad Money </em>re-airs at 3 a.m. <em>The Post </em>figures <a href="http://www.nypost.com/p/news/business/cramer_zzz_new_fans_sfkrSAGOYfDhATiVMa6nUO?utm_campaign=OutbrainA&amp;utm_source=OutbrainArticlepages&amp;obref=obinsource">drunken traders </a>may be the target audience.</p>
<p>European Central Bank President <strong>Mario Draghi</strong>, speaking at a closed session of the E.U. parliament, suggested that central bank may <a href="http://online.wsj.com/article/SB10000872396390443571904577629623044370282.html?mod=WSJ_hpp_LEFTTopStories">start buying</a> government debt maturing inside of three years.</p>
<p>Spain's bank bailout fund will inject <a href="http://www.bloomberg.com/news/2012-09-03/spain-bank-fund-to-inject-4-5-billion-euros-into-bankia-group.html">$5.7 billion</a> in <strong>Bankia</strong>.</p>
<p>The French government stepped in to bail out Paris-based <strong>Credit Immobilier de France</strong> over the weekend; now it says the deal can work without <a href="http://www.bloomberg.com/news/2012-09-03/france-seeks-to-save-credit-immobilier-without-spending-money.html">costing the taxpayer</a>.</p>
<p>U.S. firms are planning for a <a href="http://www.nytimes.com/2012/09/03/business/economy/us-companies-prepare-in-case-greece-exits-euro.html?ref=business">Grexit</a>, according to <em>The Times</em><em>: </em>"<strong>Bank of America Merrill Lynch</strong> has looked into filling trucks with cash and sending them over the Greek border so clients can continue to pay local employees and suppliers in the event money is unavailable."</p>
]]></description>
		<content:encoded><![CDATA[<p>If you missed it over the weekend, New York Attorney General <strong>Eric Schneiderman</strong> is investigating the tax practices of private equity firms. At the center of the inquiry is the practice of <a href="http://online.wsj.com/article/SB10000872396390443571904577629831800831466.html?mod=WSJ_hp_LEFTWhatsNewsCollection">converting management fees</a> into investments that are taxed at more favorable rates. The private equity industry says such conversions are widely practiced and accepted; here's a <a href="http://victorfleischer.com/archives/306">tax lawyer </a>who says they're illegal.<!--more--></p>
<p>Andrew Ross Sorkin says the <strong>Facebook</strong> executive most responsible for the company's failed initial public offering has largely <a href="http://dealbook.nytimes.com/2012/09/03/david-ebersman-the-man-behind-facebook%E2%80%99s-i-p-o-debacle/">escaped blame</a>.</p>
<p>A former partner at <strong>Dewey &amp; LaBoeuf</strong> is suing Citigroup, charging that the lender <a href="http://dealbook.nytimes.com/2012/09/03/ex-partner-at-dewey-and-leboeuf-says-citibank-hid-firms-financial-troubles/">helped hide</a> the law firm's financial problems.</p>
<p>An Argentinean judge issues an arrest warrant for Credit Suisse exec <strong>David Mulford</strong>, who's wanted for <a href="http://www.businessweek.com/news/2012-09-03/argentine-orders-arrest-of-credit-suisse-s-mulford-telam-says">failing to testify</a> in a probe of the country's 2001 debt default.</p>
<p>Multinationals such as <strong>American Express</strong> and Spanish bank BBVA are dabbling in <a href="http://dealbook.nytimes.com/2012/09/03/multinationals-stake-a-claim-in-venture-capital/">venture capital</a>, according to <em>The Times.</em></p>
<p><strong>Jim Cramer</strong> gets better ratings when <em>Mad Money </em>re-airs at 3 a.m. <em>The Post </em>figures <a href="http://www.nypost.com/p/news/business/cramer_zzz_new_fans_sfkrSAGOYfDhATiVMa6nUO?utm_campaign=OutbrainA&amp;utm_source=OutbrainArticlepages&amp;obref=obinsource">drunken traders </a>may be the target audience.</p>
<p>European Central Bank President <strong>Mario Draghi</strong>, speaking at a closed session of the E.U. parliament, suggested that central bank may <a href="http://online.wsj.com/article/SB10000872396390443571904577629623044370282.html?mod=WSJ_hpp_LEFTTopStories">start buying</a> government debt maturing inside of three years.</p>
<p>Spain's bank bailout fund will inject <a href="http://www.bloomberg.com/news/2012-09-03/spain-bank-fund-to-inject-4-5-billion-euros-into-bankia-group.html">$5.7 billion</a> in <strong>Bankia</strong>.</p>
<p>The French government stepped in to bail out Paris-based <strong>Credit Immobilier de France</strong> over the weekend; now it says the deal can work without <a href="http://www.bloomberg.com/news/2012-09-03/france-seeks-to-save-credit-immobilier-without-spending-money.html">costing the taxpayer</a>.</p>
<p>U.S. firms are planning for a <a href="http://www.nytimes.com/2012/09/03/business/economy/us-companies-prepare-in-case-greece-exits-euro.html?ref=business">Grexit</a>, according to <em>The Times</em><em>: </em>"<strong>Bank of America Merrill Lynch</strong> has looked into filling trucks with cash and sending them over the Greek border so clients can continue to pay local employees and suppliers in the event money is unavailable."</p>
]]></content:encoded>
		<wfw:commentRss>http://observer.com/2012/09/new-york-ag-probes-private-equity-tax-practice-pointing-the-finger-at-facebook-exec-roundup/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/6d70d905cefb5ef1d46759583ff55c9f?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">pclarkobserver</media:title>
		</media:content>
	</item>
	</channel>
</rss>
