13.10.2009 - Sovereign wealth funds hit by US property tax
From IPE: Sovereign wealth funds (SWFs) have been dealt “a significant blow” by changes to the US tax regime, according to Steve Renna, president of the National Association of Real Estate Investment Managers (NAREIM). The US Administration has introduced changes which mean SWFs are no longer exempt from taxation on their real estate investments in the US but are instead treated as commercial entities rather than government organisations........................Full Article (Subscription Required): Source