Foreign Investors May See Chances for Opportunity Zone Tax Breaks
September 23, 2020
Daniel Ryan was quoted in the article, "Foreign Investors May See Chances for Opportunity Zone Tax Breaks," which was published by Bloomberg Tax on September 23, 2020.
In the article, Dan notes that while foreign investors have been putting money into projects alongside opportunity funds, he has not seen any interest among them in actually using the capital gains tax breaks: "[r]eally, in my experience, it's been US investors almost entirely. I think it would make foreign investors more comfortable if they had clarification about withholding and who's responsible for that."