Private Equity

Private equity tax raid would cripple London, City minister Bim Afolami tells FN Leadership Roundtable

Debate rages over how to tax carried interest on buyouts

'The industry is worried,' Afolami tells FN
'The industry is worried,' Afolami tells FN Photo: Pat Scaasi/Getty Images

A tax raid on private equity would be a disaster for UK financial services, the City minister has warned.

Labour’s plans to hit buyout bosses’ carried interest payments should they come to power are causing concern among firms, Bim Afolami told Financial News’s latest Leadership Roundtable.

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