Mon, Sep 24, 2018

Rosemary Fanelli Quoted in Pensions & Investments: House Ways and Means Passes Tax Reform 2.0, With Uncertain Prospects

Rosemary Fanelli, Managing Director in the Compliance and Regulatory Consulting practice, was quoted in Pensions & Investments regarding recent tax reform 2.0. 

"There is not a great groundswell of hope in the asset management community that this bill will progress. And if it does, it's not going to go anywhere in the Senate," said Rosemary Fanelli, a Managing Director and Chief Regulatory Affairs strategist at global financial services consulting firm Duff & Phelps. Asset managers do appreciate the increased startup tax credits that came from tax reform 1.0, she said.

"That could be helpful to private equity and venture capital. We are seeing very robust M&A activity in the private equity and venture space," Ms. Fanelli said. "There has been a real increase in the value" since the first round of tax reform.

A copy of the article is available on the Pensions & Investments website for subscribers.