Academics, tax practitioners, and members of both political parties in the US have criticized the so-called carried-interest loophole for many years.1 Although a recent proposal to close the loophole estimated the US Treasury would only collect an additional $17 billion in revenue over ten years,2 the loophole continues to receive criticism due to its political…
Tag: Real Estate
Using the Federal Tax Code to Combat Money Laundering in Real Estate
Real estate transactions are an attractive vehicle for criminals looking to launder their money.1 Sanctioned foreign officials, organized crime syndicates, and even terror groups move money domestically and internationally through real estate transactions.2 The problem of money laundering in real estate (MLRE) has been prevalent in the United States for decades: the Mafia built Las…
Related Impact? Support for Public Art by Private Developers
When real estate developers assess the financial viability of a project, many different variables come into play. Of chief importance are the tax breaks and incentives doled out by municipalities for highly desired developments, but the expense of public art does not always enter into the equation. Impact fees for art and the required inclusion…
Portland Housing Crisis – Possible Remedies
In a previous post, I discussed the housing issues that Portland is facing with an ever-growing population. Since then, the city has attempted to fix the problem through multiple efforts. Portlanders have had innovative ideas in the past to fix housing deficiencies, such as “Dignity Village,” a temporary living community for the homeless.1. However, a…
Portland Housing Crisis – Adding to or Forcing out Portland’s Weird?
Portland, traditionally known for its young culture and promises of “Keeping Portland Weird,” has become a haven for young professionals seeking a vibrant culture.1. The “progressive values” of the city attract young people, as young families look for a new culture in which to raise their children.2. This movement to the city has created a…
Airbnb Faces a Host of Challenges Amid Rapid Growth
Airbnb, the internet platform built to facilitate the listing and renting of lodgings, is expanding dramatically. Valued at $25.5 billion and now the “third most valuable venture capital-backed company in the world,” the website is expected to see a 100% increase in nightly bookings this year alone.1 Yet with the company’s exponential growth has come…
Fundrise for Everyone
Rise Companies Corporation, also known as Fundrise, acts as a crowdfunding and real estate investment platform based out of Washington, D.C. to promote local investment in real estate developments nationwide.1 Officially founded in 2012 –five years after the collapse of America’s financial and housing markets – Fundrise has put real estate crowdfunding on the charts.2…
China’s Increasing Private Equity Investment in the US
The United States and China recently planned to restart talks for an investment treaty with “Beijing dropping previous efforts to protect certain sectors of its economy from the start.”1 While government-directed investment into resources and finance remain the vast majority of overall Chinese investment in the United States (over 90%), many private investment players have…