Peugeot boss angered by private equity ‘unfairness’

Peugeot boss angered by private equity 'unfairness'

CEO of carmaker speaks out over taxation in private equity

Christian
Streiff
, chief executive of
Peugeot
Citroën
, has become the latest high-profile executive to speak out against
the low tax rates enjoyed by private equity firms.

In a letter written to The Times, Streiff, said the private equity
industry enjoys unfair advantages.

Streiff said: ‘For me there is a bias which should not exist and that is a
tax bias. The tax escaping of investment funds is something that the government
should look at seriously.’

‘I am not part of the people who say it [private equity] is just the devil.
But it is something we should look at in terms of the contras and if there are
significant contras we should look at getting rid of them.

Further reading:

Accountants quit jobs to form private equity firm

Private Equity to be named and shamed

MPs call for private equity shake-up

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