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Thanks to FIRPTA, foreign investors face heavy capital gain taxes when they dispose of property in the United States, upwards of a 35 percent levy that their domestic peers don't. That's a competitive disadvantage and a non-starter for many investors around the world. But repealing or reforming FIRPTA and leveling the playing field would encourage robust private capital investment from outside the United States by reducing these current tax impediments.
Author: - Kirjoittanut: Anonymous, 02/20/2021,