None of these taxes applies to renewables: thus renewables have a preferentialtax treatment to fossil fuels and are subsidised because, recall, their whole case rests on the idea that a preferentialtaxrate is a subsidy.
Because the majority of income earned by a private equity fund is dividends and long-term capital gains both of which are currently subject to a preferential 15% taxrate these service partners can effectively convert what many believe should be ordinary compensation income taxed at 35% into investment income taxed at a mere 15%.