firpta: FIRPTA: Protecting U.S. Markets or Preventing Foreign Investment? - 12/21/09 08:42 AM
Could repeal of FIRPTA help the recovery of this nation's real estate market?  In this morning's Globe St. News, the subject was FIRPTA (Foreign Investment in Real Property Tax Act), the 1980 measure that adds a layer of tax on the sale of any real estate owned by a non-citizen of the U.S.
The article cites a study by two economists that calls for a reform of FIRPTA to encourage more foreign investment in the United States real estate market.
Would it be so bad, since the U.S. real estate market is basically "on sale," to encourage investment groups from abroad … (2 comments)


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