3 ms·
My worry. As was mentioned in the article these billionaires have teams of lawyers / accountants working to ensure the money stays in their hands. What's keep
by perpetualcrayon 8y ago
My worry. As was mentioned in the article these billionaires have teams of lawyers / accountants working to ensure the money stays in their hands. What's keeping them from having those teams of lawyers concocting vapor-corps in these opportunity zones (or whatever the loophole is) which will make little to no positive (and maybe negative) impact on the opportunity zone while ensuring the billionaires keep the incentives regardless.
EDIT: Or worse yet there will be organizations whose sole purpose is to take in billionaires money, do as little work as possible, and generate enough paperwork to ensure the billionaires qualify for the tax incentives.
- deytempo 8y agoI think you are referring to non profit organizations