G7 reaches historic global minimum tax

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Just now, We’reTexas said:

Would a wealth tax regime also pick up private equity funds in which individuals are LPs? I imagine the valuation exercise for that would be a total mess. 

It would. The LP interest is an asset owned by the individual. The valuation issues for non-public assets will definitely create controversy but we live with that controversy in other areas of tax (property, estate, etc).