Monday, April 14, 2014

Brazilian PEU's Seek Lower Taxes

The Carlyle Group's Fernando Borges, currently managing director and co-head of South American private equity, wants lower taxes on investments in Brazil. Borges is also the new head of the Brazilian private equity and venture capital association.  He offered this at the group's annual meeting in Rio de Janiero:

Borges noted that "a more benign fiscal and tax structure for these vehicles would help ensure their survival and, why not, their blossoming as a stronger source of money for new enterprises in Brazil."
Borges echoed Carlyle's familiar "lower tax" refrain, regularly offered by the PEU's high profile co-founders.   Carlyle's co-founders aren't satisfied having their company be a virtual nonprofit.  

Bazillionaires win in our PEU world.