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O Abruptly Waives 1980 Foreign Investment in Real Property Tax Act

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 21 Dec 15 1:29 AM | 72 view(s)
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Submitted by Tyler Durden on 12/20/2015 - 12:43

FIRPTA was implemented during a better era for Americans in response to international investors in the late 1980s and early 1990s buying U.S. farmland, as well as the more publicly visible buying of trophy U.S. property by the Japanese. The US government has now expediently waived FIRPTA.

Comments: 154 38,762 Reads

http://www.zerohedge.com/news/2015-12-20/obama-abruptly-waives-1980-foreign-investment-real-property-tax-act

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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