https://www.nytimes.com/2021/06/12/business/private-equity-taxes.html
@89th, the article linked above hits truer at the title of your thread. This one is about the “carry interest” privileges enjoyed by the investment bankers, the abuse of that privilege, and the almost nonexistent IRS auditing of private equity firms despite explicit whistle blower complain against them for this sort of abuses.