• Levin Proposes Broad Legislation that Severely Restricts Use of Offshore Vehicles by Private Equity and Hedge Funds
  • March 26, 2009
  • Law Firm: Proskauer Rose LLP - New York Office
  • On March 2, 2009, Senator Carl Levin introduced the "Stop Tax Haven Abuse Act" (the "Bill"). As the name implies, the legislation is intended to curtail the use of entities formed in certain non-U.S. jurisdictions for transactions that are perceived as giving rise to tax abuse.