- Apr 1, 2011
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ALBANY, N.Y. New Yorks attorney general is investigating tax strategies of some of the nations largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney, an official familiar with the probe said Sunday.
Attorney General Eric Schneiderman is examining whether the firms have abused a tax strategy to avoid paying hundreds of millions of dollars in taxes, said the official, who spoke on the condition of anonymity because of the sensitivity of the probe. The practice involves converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.
Eric Schneiderman - Wikipedia, the free encyclopedia
In the 1998 Democratic primary , Schneiderman, an anti-crime activist, defeated Daniel O'Donnell, a civil rights attorney with 68% of the vote.[3] In the general election, he defeated Vincent McGowen with 82% of the vote.[4] He won re-election in 2000 (84%),[5] in 2002 (87%),[6] in 2004 (89%),[7] in 2006 (92%),[8] and 2008 (90%).[9]