Timmy ElsewhereSeptember 27, 2007 Tim WorstallTimmy Elsewhere1 CommentTwo at The Business. Are we sure we want to change the taxation of carried interest and game theory and economics. previousHunh?nextTimmy Elsewhere 1 thought on “Timmy Elsewhere” Mark Wadsworth September 27, 2007 at 2:58 pm Carried interest, bollocks frankly. The point is, if it were to be taxed as income at 40%, these chaps would structure the deal so that the target company e.g. Boots can claim a 30% corp tax deduction (Sch 23 FA 2003), so overall Treasury nets 10% of gain. This way, they structure it so that Boots does not get a corp tax deduction and the VC-chappies pay tax at 10% of the gain. For sure, this is glossing over the National Insurance bits, but hey. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.