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KM Financial Solutions | UPDATE 3-Lazard Q4 beats estimates, tax changes complicate conversion plans
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UPDATE 3-Lazard Q4 beats estimates, tax changes complicate conversion plans

31 Jan UPDATE 3-Lazard Q4 beats estimates, tax changes complicate conversion plans

Posted at 22:48h in News by
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NEW YORK Feb 1 (Reuters) – Asset manager and advisory firm
Lazard Ltd said on Thursday that it is reviewing whether
to convert into a “C Corporation” from its current status as a
public partnership after changes to the U.S. tax code mean such
a conversion could raise its effective tax rate by about 10
percentage points.

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