Money managers warn of opportunity zone risks – St. Louis Business Journal

Posted on

FOLLOW THE MONEY: A PRIMER ON OPPORTUNITY ZONE INVESTING – The potential benefits to investors are many, from the deferral of taxes owed on investment returns to the ability to completely shelter from taxes any future cash-outs from properties or businesses located in Opportunity Zones. Proponents see the arrangement as a win for investors, states and communities seeking to revitalize blighted and underutilized areas. Others have raised concerns that Opportunity Zones are yet another giveaway to the wealthy at the expense of the poor.

from Pinboard (jeromekatz) https://ift.tt/2YlWwuE
via IFTTT