Caesars, Hilton may sidestep proposed US tax rule to curb Reits
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Washington
SOME casino and hotel companies including Caesars Entertainment and Hilton Worldwide Holdings are expected to get a reprieve from a proposal to curb real estate investment trusts, or Reits.
An earlier version of the US$650 billion tax break bill detailed on Wednesday included provisions that would have potentially derailed major company deals that involve Reits, which have gained popularity among investors thanks to more favourable tax treatment.
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