Steven D. Bortnick Quoted in PE Manager on Future Tax Rates
Wednesday, August 08, 2012
Pepper partner Steven D. Bortnick was quoted in the August 7, 2012 issue of PE Manager in the article, "Surviving 'Taxmaggedon'." The article discusses possible tax rates for 2013 and how firms can prepare.
"It could be smart to channel any unvested bonuses or other types of "golden handcuffs" into a secular trust. Under this arrangement the compensation placed in trust is taxed at current rates and can be later released to partners immune from future tax rates, explains Bortnick."
The full article is available online at http://www.privateequitymanager.com/Article.aspx?aID=14412&article=68681.