KirklandPEN Kirkland & Ellis LLP

Private Equity Newsletter – March 22, 2010

This issue includes the article “House and Senate Enact Medicare Tax Increases,” which states that the healthcare and healthcare reconciliation bills increase Medicare taxes for high-income individuals, including a 3.8 percent Medicare tax on investment income. Also featured is “New Legislation Expands U.S. Tax Withholding on Payments to Non-U.S. Persons,” which reports that legislation signed last week by President Obama was designed to prevent U.S. citizens and residents from avoiding U.S. taxes by hiding ownership of U.S. assets in financial institutions located in tax-haven jurisdictions or safe haven countries.