In 2003, the federal tax rate on qualifying dividends from U.S. companies, international companies that trade on the U.S. market, and international companies domiciled in countries with a tax treaty with the U.S. dropped from 38.6% to 15% while the tax rate on long-term capital gains dropped from 20% to 15%.
"Private equity may be part of a prudent investment mix" for these plans, according to a DOL letter.
The development comes after a second review of antitrust concerns by the Department of Justice.
Industry execs speculate on what to expect from regulators once the rule goes into effect.
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