Tax Loopholes for VCs

This is an attempt to explain and discuss the Carried Interest Loophole Act.
Peter helps us understand what it means and what is the big debate going on around it.

[@katsuosamu5275]

2:20 Isn't it 2M each year? It's late in Europe I could be wrong lol Also, how does the decline in Management Fee typically happen? Something like 2% during the Investing period and half of that for the remaining years ?