(Reuters) -JPMorgan Chase CEO Jamie Dimon said at the Reagan National Economic Forum that the U.S. should be taxing carried interest, CNBC reported on Friday.
The comment from the biggest U.S. bank’s top boss comes at a time when U.S. President Donald Trump has also been hinting at closing the carried interest loophole.
Carry, which refers to the part of private fund managers’ compensation tied to profits generated, is currently taxed as a long-term capital gain. This has enabled fund managers to pay lower taxes than on ordinary income.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Vijay Kishore)
