Legislation that would boost the tax rate paid by many hedge fund and private equity fund managers was introduced in the U.S. House of Representatives by Democratic Rep. Sander Levin.
Following the G20 meeting in London, the OECD released a list with uncooperative jurisdictions that have not committed to the internationally agreed tax standard.
Fairfield Greenwich accused of turning blind eye (Fund News)
In the first regulatory action against one of the big so-called ??feeder? funds that channelled money to Bernard Madoff, the top securities authority in Massachusetts on Wednesday accused Fairfield Greenwich of deliberately turning a blind eye to the former broker??s Ponzi scheme.
A judge froze the assets of Bernard Madoff's two sons and five executives who ran hedge fund portfolios that funneled money into his "managed accounts".