Washington Poses Big Risks to KKR Offering « Dealbreaker: A Wall …
In the risks section of KKR’s S-1 filing, the firm says if it has to register as an official “investment company” under the Act, it “could make it impractical for us to continue our business as contemplated.” New proposals to tax carried interest as ordinary income instead of capital gains, which were passed by the House in December, would also damage KKR’s profits as would a change in the firm’s effective tax rate.