Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act
by Tyler Durden
ZeroHedge.com
12/20/2015
FIRPTA was implemented during a better era for Americans in response to international investors in the late 1980s and early 1990s buying U.S. farmland, as well as the more publicly visible buying of trophy U.S. property by the Japanese. The US government has now expediently waived FIRPTA.
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