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US eases 35-year-old tax on foreign property investors

Published Sun, Dec 20, 2015 · 09:50 PM

Seattle

PRESIDENT Barack Obama signed into law a measure easing a 35-year-old tax on foreign investment in US real estate, potentially opening the door to greater purchases by overseas investors, a major source of capital since the financial crisis.

Contained in the US$1.1 trillion spending measure that was passed to avoid a government …

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