Suppose FIRPTA Was Repealed

Released on by Willard B. Taylor
preview-18

  • Suppose FIRPTA Was Repealed Book Detail

  • Author : Willard B. Taylor
  • Release Date : 2013
  • Publisher :
  • Genre :
  • Pages : 49
  • ISBN 13 :
  • File Size : 62,62 MB
DOWNLOAD BOOK

Suppose FIRPTA Was Repealed by Willard B. Taylor PDF Summary

Book Description: This article argues, as others have before, that the Foreign Investment in Real Property Tax Act of 1980 (or “FIRPTA”), or at least the provisions of FIRPTA relating to “United States real property holding corporations,” should be repealed. Their enactment in 1980 was misguided and in any event changes in the Internal Revenue Code since then have made the provisions obsolete. But if FIRPTA is repealed, in whole or in part, the article argues that the lack of parity between foreign investment in real property that is made directly or through a partnership, on the one hand, and foreign investment in a real estate investment trust (or a regulated investment company that invests in shares of real estate investment trusts) should be dealt with. Otherwise, repeal will exacerbate existing distortions (which were already pushed further by FIRPTA) resulting from the choice of the entity used to make an investment in US real property. The article also suggests that repeal of FIRPTA would provide an opportunity to look at the taxation of foreign investment in the United States more broadly and in particular the rules that tax income from U.S. real property. The tax treatment of inward investment is a generally neglected subject.The article concludes by arguing against legislation that would keep the FIRPTA rules and simply expand provisions of present law that favor foreign investment through real estate investment trusts, such as the Real Estate Jobs and Investment Act of 2011.

Disclaimer: www.yourbookbest.com does not own Suppose FIRPTA Was Repealed books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Suppose FIRPTA Was Repealed

Suppose FIRPTA Was Repealed

File Size : 63,63 MB
Total View : 1534 Views
DOWNLOAD

This article argues, as others have before, that the Foreign Investment in Real Property Tax Act of 1980 (or “FIRPTA”), or at least the provisions of FIRPTA

Behavioural Public Finance

Behavioural Public Finance

File Size : 96,96 MB
Total View : 2355 Views
DOWNLOAD

This book tackles political, social, and behavioural aspects of public finance and fiscal exchange. The book combines conventional approaches toward public fina