After years of work, there’s finally some momentum in Congress to repeal or reform the tax foreign investors have to pay on U.S. real estate. “If repealed, we would see significantly more investment. Smaller and medium-sized cities would benefit,” promises Ryan P. McCormick, vice president and counsel for the Real Estate Roundtable. Bi-partisan bills in both the House and Senate and a proposal from the President would repeal or reform The Foreign Investment in Real ...
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