Reposted by Al
Private equity has hollowed-out high streets.
Famous names, jobs, supply chains destroyed.
Aided by the state:
PE gets tax relief on interest payments.
No tax on dividends paid to owners holed up in tax havens.
No inquiry into serial bankruptcies.
It is gangster capitalism.
archive.ph/zisBU
heraldscotland.com
The high street is dying: blame the Goodfellas of private equity, says Neil Mackay
Private Equity firms are treating British brands like the gangsters in the movie Goodfellas. We need to fix the system or just sink deeper into irrelevance, our Writer at Large argues
