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Thomas Cooper quoted in recent Tax Notes article

October 2020

MVA Estate & Wealth Transfer Attorney Thomas Cooper was recently quoted in the Tax Notes article entitled “A ‘Blue Wave’ Could Turn Carried Interest Upside Down.” Thomas is quoted regarding the future of preferential tax treatment for carried interests and other profits interests in the event of a Biden presidency and Democratic Congress.

“Asset managers aren’t the only ones worried about carried interest changes, according to Thomas A. Cooper of Moore & Van Allen PLLC.”

“As the family office space and private markets — investments generally outside of the traditional private equity context — continue to mature, there will certainly be cases where individuals losing preferential treatment on a profits interest could be seen as counterproductive, or even punitive,” Cooper said.  “Hopefully an appropriate balance would be struck versus applying broad-sweeping reform.”

To view the complete article, please click here.