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Tax-free investments could revitalize distressed economic areas

By Hicbd
Mon Dec 10 2018 2:22 pm

"The heart of this new law: Opportunity Zones, or "O-zones," low-income areas designated by each state. Investors will soon be able to plow recently realized capital gains into projects or companies based there, slowly erase the tax obligations on a portion of those gains and, more significantly, have those proceeds grow tax-free."

URL:
https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/#1d2b59191485
https://fundrise.com/education/blog-posts/what-are-opportunity-zones-and-how-do-they-work

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Categories:
Global Poverty International Development / Foreign Aid / NGOs U.S. Taxes Taxes U.S. Poverty Global Economic Development / Sustainable Industries City/Town Economic Development Philanthropy Impact / Philanthropy / Social Good Investing Capital

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