How I plan to build a £320k Stocks and Shares ISA I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Many investors focus on a goal total for their Stocks and Shares ISA, and the magic number is usually a million pounds. At this point, they think, I will have really made it. I’ll be an ISA millionaire.Humans love round numbers. This makes that seven-figure sum really rather attractive. When you first start investing, it might seem like an impossible dream to get there. And sure, it’s the stuff of fantasy for most of us.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But building £1m in a Stocks and Shares ISA is achievable, with a long-enough runway and some dedicated saving. You might have to give up a few trinkets and expensive hobbies along the way. No cash-sucking sports car at 24 for you. And no yacht until you’re at least 55!ISA million or bust?But what I’d like to consider today is that a lofty target of a £1m Stocks and Shares ISA isn’t required for a wealthy and happy life.Instead, my magic number is exactly £320,000, and I’ll tell you why. Accounting for inflation, I think I can live pretty happily for about £18,000 a year. I only need to take out 5% of my preferred total each year to achieve that. I think the easiest way to do that is with a Stocks and Shares ISA composed of FTSE 100 dividend shares that pay out on a per-share basis.Nobody knows what the future will hold. We could all be living on colonies on Mars by 2050, but I wager that everyday life will probably be much the same as it is now and traffic will still be terrible in central London. £18,000 in 30 years time could be worth much less than it is today, however.So my figures could be off by a large factor, depending on the way inflation goes. In the last 30 years, UK inflation averaged 2.54% a year. Inflation would have to skyrocket far beyond previous norms in the next 30 years to pump up that average even as high as 4%.So based on what I know today, £18,000 a year? When my hair’s turned white and I’m even more wrinkly than I am now, I’d be happy with that.How Warren Buffett does itI don’t even need to be that brilliant at picking companies for my Stocks and Shares ISA. For 50 years between 1956 and 2006, Berkshire Hathaway CEO Warren Buffett famously saw his company’s shares enjoying an average 21.4% compound annual gain. He’s worth $68bn today.Most of us would be thrilled with an annual compound gain of less than half that, at 10% a year.My future portfolio will probably quite closely resemble what it looks like today. The core will be shares pulled from the best of the FTSE 100. I’m talking about stable dividend growers like Johnson Matthey, SSE or 3i Group. Happily for me, these are solid companies that are historically cheap at the moment because of the 2020 stock market crash.When I’m ready to down tools permanently and head off to relax in my shed, I’m confident I’ll have compounded my way to my magic number. Tom Rodgers has no position in the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Tom Rodgers | Tuesday, 26th May, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Tom Rodgers Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997”
The Barbarians are playing three games in seven days next month in what is a busy November schedule. The famous invitational side kick things off by facing South Africa at Wembley on Saturday 5 November, then travel to Prague to play the Czech Republic three days later and round off the fixture list against Fiji in Belfast on the Friday.Robbie Deans, the former Crusaders and Australia coach, and 2003 World Cup winner Will Greenwood are coaching the Baa-Baas for these three games and have already announced some big names in their squad as they chase a hat-trick of victories against the Springboks – they won 26-20 in 2010 and 22-5 in 2007.Australia’s Taqele Naiyaravoro, Wycliff Palu and Will Skelton will be donning the famous black-and-white jersey alongside Andy Ellis, a 2011 World Cup winner with New Zealand.Giant Waratahs and Panasonic Wild Knights wing Naiyaravoro – a Pro12 competitor with Glasgow last season – has scored on both his appearances for the Wallabies and returns to the Barbarians after appearing against Samoa in 2015.Crusaders and Kobelco Steelers scrum-half Ellis won the last of his 28 caps in last year’s Rugby Championship and featured for the Barbarians in their 2010 win over South Africa.Australia No 8 Palu and lock Skelton will become Barbarians No 4,995 and 4,996 respectively when they make their debuts for the club. At 6ft 8in and 22st, Skelton will be one of the biggest combatants in Barbarians’ history. He played for the Wallabies against the Barbarians in 2014, an 11-try classic won 40-36 by Australia.As for the match in Prague, Baa-Baas honorary secretary Gordon Brown said: “The Barbarians will be facing a 20th different international side and we have competed against many developing rugby nations as well as established countries. We are delighted to be able to play a role in raising the profile of the game in the Czech Republic.”Czech Rugby general secretary Pavel Mysak added: “This year is our 90th anniversary and this is our biggest event in years – it’ll be one of the highlights of those 90 years. Tickets to the Barbarians v South Africa match at Wembley are available from £20 – click here for details. Tickets to the Barbarians v Fiji at Kingspan Stadium are available from £20 for adults and £12 for juniors. See www.ticketmaster.ie For the latest Rugby World subscription offers, click here. Rematch: Andy Ellis in Baa-Baas action against the Boks in 2010. Photo: Getty Images The Barbarians are preparing to play South Africa, the Czech Republic and Fiji next month “After the success of the World Cup, people here are interested in rugby. It’s important for us to attract more people, particularly children, to the game. We want to show people in the Czech Republic a different sport that has strong values and the Barbarians are an example of that. They have a very high reputation and I know it’s one of the greatest honours for a player to be selected.”Barbarians fixturesSat 5 Nov South Africa (Wembley, 3,30pm)Tue 8 Nov Czech Republic (Prague, 6.30pm)Fri 11 Nov Fiji (Kingspan, 7.30pm) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS
City:Alcoba de la TorreCountry:SpainMore SpecsLess SpecsSave this picture!© Rubén P. BescósRecommended ProductsConcreteKrytonConcrete Hardening – Hard-CemHotel ApplicationsAccoyaAccoya® Wood at World Hotels Salinda ResortsWoodSculptformTimber Click-on BattensDoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesText description provided by the architects. The house is located in one of many forgotten towns in Spain, where the small population that still remains is close to disappearing. However, it has a beautiful ruined castle and a Romanesque church. Very close to them, in a privileged location, the owner of this house decided to buy an old shed to rehabilitate it and turn it into his holiday residence. The location, a few meters from the castle, encouraged the preservation of the ancient stone walls and the design of the roof and much of the tiles of the old farmhouse.Save this picture!© Rubén P. BescósThe house is built behind these walls, opening large windows, from which you can see the stones that tell the story of the place. This material is combined with the concrete from the ceiling and the microcement of the floor that also speak of the natural and rough finishes of the field. In the middle of the floor, as if a hatch had just opened, a wooden ladder unfolds that calls for its ascent.Save this picture!© Rubén P. BescósSave this picture!SectionSave this picture!© Rubén P. BescósOn the upper floor the roof design recalls the existing one. An interesting crossing of beams that can not be lost due to the need for compartmentalization, so it is decided that the opaque partitions reach only up to two meters high and the rest is completed with a set of glasses that allow the roof to be seen almost entirely from any room. Save this picture!© Rubén P. BescósSave this picture!© Rubén P. BescósSome skylights are cut from in a way that you can see the bell tower, part of the castle and the sky, configuring a luminous space with warm materials, which opens to the horizon of the landscape. There is a beautiful contrast between this space and the space of the low level.Save this picture!© Rubén P. BescósProject gallerySee allShow less13 Design Solutions to Organize your Workout at HomeArticlesSnøhetta, Marcio Kogan and Juan Herreros in ArchDaily Instagram Live InterviewsArchitecture News Share Photographs Year: Spain Beatriz Gómez Casares, Carmina Casajuana Benavente “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/936332/alcoba-housing-mycc Clipboard Projects “COPY” Lead Architects: Architects: MYCC Area Area of this architecture project Alcoba Housing / MYCCSave this projectSaveAlcoba Housing / MYCC Save this picture!© Rubén P. Bescós+ 11Curated by Clara Ott Share 2019 CopyAbout this officeMYCCOfficeFollowProductsWoodStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentSustainabilityOn FacebookSpainPublished on March 31, 2020Cite: “Alcoba Housing / MYCC” [Casa Alcoba / MYCC] 31 Mar 2020. ArchDaily. Accessed 10 Jun 2021.
The Beacon Fellowship has launched its search for this year’s winner of the Beacon Prize, which recognises individuals who have made exceptional contributions to charitable or social causes.The Beacon Fellowship, which seeks to promote an improved culture of giving, is asking the public to nominate a person they feel has made a significant contribution to charity, whether through resources, time or specialist skills.The winner in this second year of the prize will receive £20,000 to donate to the charity of their choice. This year, as well as the main prize, there will be regional shortlists to honour the most inspiring givers from Scotland, Wales, Northern Ireland and England. Advertisement 23 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Awards Giving/Philanthropy Recruitment / people AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 15 July 2004 | News Beacon Prize 2004 opens for nominations The Beacon Prize aims to celebrate and raise the profile of giving in the UK by giving recognition to those who make an outstanding contribution to charity. Emily Stonor, Chief Executive of Beacon today said: “Last year, the Beacon Prize showed that the UK has some tremendous hidden assets. We received hundreds of nominations and discovered some real 21st century community heroes and role models – from a 15 year old girl who raised £12,000 for Afghan Refugees to a former MP who has volunteered for 40 years at a charitable foundation that fights for the rights of the poor in the UK.”David Charters, Chair of Trustees added: “Our theme this year is ‘shining a light on charity heroes’. So if there is someone in your area who has made an outstanding contribution to charity, whether its time, energy, money, skills or talent, then please nominate them.” Prize categories include Risk Taking, Creative Giving, New Initiatives, Leadership, Community Builder, and Young Philanthropist. In addition there will be Judges Special Prizes for The Most Generous Celebrity, The Most Generous Business Leader and The Most Generous Young Person. Nominations forms need to be received by 1 October 2004 and can be obtained online. Charities, voluntary and community organisations and the general public may nominate an individual for a prize. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
David Ramsden joins Cystic Fibrosis Trust as Chief Executive Tagged with: BBC Children in Need Management Recruitment / people AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis6 179 total views, 1 views today 180 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis6 Howard Lake | 12 October 2016 | News Cystic Fibrosis Trust has appointed former BBC Children in Need Chief Executive David Ramsden as its new Chief Executive.Taking up the role in December, Ramsden will replace Ed Owen who is stepping down after almost five years in charge. Cystic Fibrosis Trust is the only UK-wide charity committed to improving the lives of the more than 10,000 people in the UK affected by the genetic condition cystic fibrosis.Ramsden has worked in the charity sector for nearly 20 years. After working at accountancy firm Ernst & Young, he moved to the British Red Cross, and has worked for the past 10 years as Chief Executive of BBC Children in Need.George Jenkins, Chair of Trustees at the Cystic Fibrosis Trust, said of Ramsden:“He is known for his decisive and inspirational leadership and throughout the process clearly demonstrated how his experience made him the best of a very strong field to expand and develop our charitable work.”Ramsden said: Advertisement “I am inspired by the way people with cystic fibrosis face challenges head-on, with remarkable resilience and good humour. These are very exciting times, with new breakthroughs in treatments and cutting-edge research and I am delighted to be given the opportunity to lead such an incredible charity at this crucial moment in its history.” About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
The Bernie Sanders campaign has a dual character. On the one hand, it has unearthed and given voice to widespread opposition to Wall Street and massive economic inequality and injustice. On the other hand, Sanders is running in the Democratic Party, which has been controlled for generations, and is controlled now, by the very financial oligarchs the Sanders’ supporters are rebelling against.The mass response to Sanders’ call to break up the banks and make the rich pay for universal college education, universal health care, raising the minimum wage and so on is totally understandable. After decades of austerity, takebacks, union busting, racism and mass incarceration, it is no wonder that Sanders’ appeals have fallen like rain on dry grass.But in the long run, the road to dealing with the banks, the billionaires and corruption does not lie through electoral politics and the Democratic Party. It lies through mass mobilization and independent struggle. The Sanders’ adherents are eventually going to have to come to grips with this hard truth.That being said, whatever the final outcome of the Democratic Party primaries, at present it is undeniable that the Bernie Sanders campaign has given expression to the accumulating anger at Wall Street and the Democratic Party political establishment. Hillary Rodham Clinton, a known friend of Wall Street, a pro-Pentagon hawk and a thoroughly opportunist politician, represents that establishment.When Sanders began his campaign, denouncing not only Wall Street but the upper echelons of the corporate monopolies, he was regarded as a minor candidate who would, at best, be a mere novelty in the campaign.As a senator from a small rural state who called himself a democratic socialist, he was outside the Senate millionaires’ club and was expected to be a marginal candidate in the Democratic primaries.But within weeks after he declared his candidacy and began to campaign, the capitalist media began to notice that he was drawing huge crowds on campuses, in cities, in rural areas, everywhere he went. His audiences numbered from a few thousand to 28,000 at a rally in Oregon.The massive popularity of the Sanders campaign, especially but not exclusively among white youth, workers and young women, took the capitalist media and the political establishment by complete surprise.It should be noted that Sanders has since expanded his appeal to African Americans and Latinos/as, with a number of prominent civil rights leaders, political figures and activists in the arts campaigning for him.Occupy Wall Street at the ballot boxThe message Sanders is preaching bares a close resemblance to the message Occupy Wall Street advocated.In September 2011, OWS seized Zuccotti Park in Manhattan, established a general assembly in the streets and denounced the massive inequality in the U.S. This movement put forth the slogan, “We are the 99%.” It opposed the 1%, who control vast amounts of wealth. OWS was dedicated to direct action.The assemblies quickly spread to many cities throughout the U.S., indicating that OWS had millions of passive sympathizers. Even the big business media had to feign sympathy for a while, until the police systematically swept the assemblies off the streets with brutality and arrests. The development of this movement, and especially its widespread support, took the ruling class totally by surprise. From the biased vantage point of their board rooms and estates, the rulers always underestimate the people’s wrath.And just as they underestimated OWS, so they also underestimated the hatred for Wall Street and grinding inequality that has left a whole generation without a future. Economic and social conditions have gotten worse since 2011.The Sanders campaign is, in some ways, a continuation of OWS in electoral form. Therein lies the appeal of Sanders and is the basis of his wholly unexpected electoral success.Up against the machineAs of March 20, Sanders had accumulated over 6 million votes, not counting the caucus states of Iowa and Nevada. Even then, his vote count hardly reflects the popularity of his anti-banker, anti-billionaire message. He has raised $140 million in repeated small contributions from a record-setting base of 2 million-plus contributors and 4 million individual donations.Yet, not all his supporters can vote in the primaries, for a variety of reasons — obstructive voter qualifications, age limits, conflicts with school, etc. By the time the campaign ends, Sanders will probably gain millions more votes.His broad support is remarkable, since the campaign is up against the two most powerful political machines in capitalist politics, the Clinton machine and President Barack Obama’s machine, which have combined to block him in every way possible.These two machines are deeply entrenched nationally and have been in existence for years.Hillary Clinton’s presidential campaign has been active since 2007. After she lost to Obama in 2008, her campaign quietly resumed during his administration. She had been a U.S. senator from New York, the home of Wall Street, and then became secretary of state, where she worked closely with the Pentagon.Sanders began without any organization that could remotely match the Clinton machine.Corporate media biasSanders is also up against the capitalist media. The media are using Donald Trump to boost their ratings and pile up profits. The Hollywood Reporter on Feb. 29 quoted CEO Les Moonves of CBS on Trump and the Republican “circus”: “It may not be good for America, but it’s damn good for CBS.”Moonves went on: “The money’s rolling in and this is fun. I’ve never seen anything like this, and it’s going to be a very good year for us. Sorry. It’s a terrible thing to say. But, bring it on, Donald. Keep going.”Moonves would hardly mind having millions of viewers who would likely watch Sanders on a daily basis the way Trump is viewed. But Sanders has attacked too many millionaires and billionaires and won’t take their money. So for the media moguls, politics come before ratings.The networks are billionaire corporations. They feel fine publicizing Trump. But between Sanders and Clinton, they are all for Clinton. “Fairness and Accuracy in Reporting” wrote on March 20 that the Washington Post printed 16 negative articles about Sanders in 16 hours. The Post is owned by Jeff Bezos, whose Amazon.com fortune is worth $50 billion.The New York Times marginalized the Sanders campaign to such an extent that its own readers rebelled and the Times’ public editor had to publicly rebuke the management.The Tyndal Report, which tracks campaign media coverage, reported that in 2015 Clinton received 121 minutes of coverage (excluding the hearings on her emails) and Sanders received 20 minutes.The media want to conceal labor’s significant support for Sanders. The Communication Workers, the National Nurses Association, the American Postal Workers and over 40 local unions have endorsed him. All the unions that endorsed Sanders polled their rank-and-file members.The unions that endorsed Clinton did it by executive action, without consulting the rank and file. But because of the strong rank-and-file support for Sanders, the AFL-CIO leadership has been unable to endorse Clinton.Billionaires and bankers fear SandersBankers, financiers and corporate heads want to bury Sanders. Lloyd Blankfein, CEO of Goldman Sachs, is perhaps the most powerful and influential banker in the U.S. Sanders called him out for his greed and his guilt in the financial crisis. Blankfein responded on CNBC on March 3, saying of Sanders’ campaign, “It has the potential to be a dangerous moment, not just for Wall Street, not just for the people who are targeted, but for anybody who is a little bit out of line.”Who are the people Blankfein was talking about? They are the 18 top corporate criminals Sanders named for massive tax dodging and who were complicit in the economic crash of 2008. They include Brian Moynihan, CEO of Bank of America, the bank that got $1.3 trillion from the government bailout; Blankfein of Goldman, which got $824 million from the Treasury bailout; James Dimon of JPMorganChase, which got $416 billion in a bailout; Boeing; GE; and so on.Sanders lists all the jobs the corporations moved overseas, the billions in taxes they would have owed except for offshore tax havens and the fact that many of them paid zero taxes. (trueactivist.com)These management decisions must be what Blankfein meant by being “a little bit out of line.”Capitalist elections and mass struggleThe rules of U.S. capitalist electoral politics are extremely restrictive, even in comparison with other capitalist countries. The elections are winner-take-all, which rules out proportional representation. For anyone but Democrats or Republicans just to get on the ballot, there are onerous petition requirements. Campaigns are extremely expensive, which has made it easy for the rich to totally control the election process — even before the “Citizens United” Supreme Court decision removed donation limits.Only rarely can a presidential primary campaign be used to express mass opposition. It happened in 1968 when Sen. Eugene McCarthy opened up a campaign against the hated Vietnam War. It happened again in 1984 when Jesse Jackson waged a campaign against Reaganism, austerity and racism.Now it has happened with Sanders. However, progressives and revolutionaries must not overlook Sanders’ negative side and the deceptive lure of the Democratic Party. Sanders has still failed to fully embrace the Black Lives Matter movement and the struggle against racism and police brutality. He has yet to denounce the multi-trillion-dollar rathole of military spending that starves social services. He has been ambivalent about Cuba, defending its social gains in one breath and calling it a dictatorship in the next. He is a supporter of Israel and has many other contradictions.In addition, all true advances of the people have come not through elections but through struggle. Union rights, social security and welfare were won in the 1930s through marches, general strikes and sit-down strikes. Civil rights were won through the struggle of millions of African Americans and white progressives who sat in and faced the police. Anti-poverty measures were won by rebellions in cities throughout the country. Women’s rights were gained by marches and protests. The fight for lesbian, gay, bisexual, transgender, queer rights began with the Stonewall Rebellion. Harsh anti-immigrant legislation was defeated by the historic strike of millions of immigrants on May 1, 2006.Reforms are always a reflection of prior struggle.Above all, while Sanders’ self-description as a democratic socialist has legitimized the term socialism, he is, in fact, a liberal reformer of capitalism. He wants to make the system of capitalist exploitation more humane. A real socialist stands on the platform of abolishing capitalism.It is not enough to break up the banks. It is not enough to curb corporate greed. As long as the banks and the corporations have control of the economy, they have tens of thousands of threads by which they can control the government, the state, the treasury and the economic life of the country.True socialism seeks to abolish the system of wage slavery altogether and place the economy in the hands of the workers and the oppressed. The economy must be run in a planned way for the health and benefit of the people and not for profit of any kind. This is the way to end income inequality, injustice and oppression of all types.There is a way to register support for revolutionary socialism without embracing the two-capitalist-party system. Vote for Monica Moorehead for president and Lamont Lilly for vice president on the Workers World Party ticket.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
The Best Markets For Residential Property Investors 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, News Home / Daily Dose / Relaxing REIT Taxes Could Mean Trillions for U.S. Economy Demand Propels Home Prices Upward 2 days ago Tagged with: Coronavirus REIT TRusts April 22, 2020 1,499 Views About Author: Krista F. Brock Previous: Brian D. Montgomery: ‘The FHA is Open for Business’ Next: Delinquencies See First Pandemic-Related Rise As the administration looks for a path forward for the national economy, one policy change that could ultimately lead to a boost in investment for infrastructure and jobs is the repeal of the Foreign Investment in Real Property Act (FIRPTA), according to at least on tax expert. In fact, several members of Congress had already called for the repeal of a particular section of the act prior to the partial economic shutdown this spring.“Rolling back FIRPTA will result in a much-needed influx of billions of new, debt-free financing for everything from new roads to multifamily housing,” stated Alex Hendrie, Director of Tax Policy at Americans for Tax Reform, in an article published Wednesday in Real Clear Markets.The Foreign Investment in Real Property Act places higher taxes on foreign real estate investors than domestic investors. The act was expanded in 2007 to apply to real estate investment trusts (REITS).“Specifically, REIT liquidating distributions to domestic shareholders are treated as sales of stock, while such distributions to foreign shareholders are treated as capital gain distributions,” explained a letter several senators sent to the Treasury in December requesting the repeal of that particular section of the Foreign Investment in Real Property Act.The 2007 add-on to the act translates to an additional 15% tax withholding for REIT investors from outside the United States.Hendrie called the tax “arbitrary” and an “unchecked bureaucratic power grab” and also said the move deviated from “30 years of precedent” in REIT taxation.A letter to Treasury in February signed by 12 members of Congress stated that the REIT taxation for foreign investors amounts to “a punitive tax that is not levied on other similar types of investments.When some “minor reforms” slightly relaxed the tax burden for foreign investors in 2015, the changes “injected billions of dollars in foreign investment into the U.S. real estate market,” the letter stated.The letter went on to say, “While this jolt of foreign investment is a positive result, it is estimated that an additional $2.8 trillion of global capital that could be invested in the U.S. real estate market, including critically-needed investment in infrastructure, continues to sit on the sidelines because of the punitive FIRPTA tax imposed by the IRS notice.”In their letter to Treasury, the 11 Senators said, “This unintended tax burden discourages foreign investors from putting capital to work to create jobs and improve our communities.”Hendrie pointed out in his letter that the Committee on Foreign Investment in the United States is responsible for reviewing foreign investments for national security concerns, and under the Foreign Investment Risk Review Modernization Act, the committee has the power to review real estate transactions. Therefore, the FIRPTA is no longer necessary, according to Hendrie.Repealing the extra taxation on REITs is not only backed by bipartisan support but also but several industry associations, such as the Real Estate Roundtable, NAREIT, the National Multifamily Housing Council, and the National Apartment Association.President Trump can repeal the questionable section of the tax act without review from Congress, and doing so would “meet his priorities of encouraging innovation in infrastructure finance,” Hendrie said. Share 2Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Coronavirus REIT TRusts 2020-04-22 Seth Welborn Relaxing REIT Taxes Could Mean Trillions for U.S. Economy Servicers Navigate the Post-Pandemic World 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe
RELATED ARTICLESMORE FROM AUTHOR “NRA a disaster” says Mc Ginley as council refuses to play blame game Guidelines for reopening of hospitality sector published By News Highland – December 17, 2010 Twitter 448 new cases of Covid 19 reported today Calls for maternity restrictions to be lifted at LUH WhatsApp Google+ Pinterest Twitter Help sought in search for missing 27 year old in Letterkenny NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Previous articleChristmas Concert Shows 2010Next articleFurther restrictions on Lough Mourne supply News Highland Google+ Newsx Adverts Three factors driving Donegal housing market – Robinson Donegal County Council has said it has done all that can within its power to boost the county’s salt stocks.From noon today, the council implemented a restricted treatment service on the county’s roads. As reported last evening, the priority list has been split into red and green routes. Only the red routes, most of them National Primary Roads will be salted, with other roads just receiving sand and grit.Senior Roads Engineer, Vincent Lynn, says he hopes salt stock will be back up to acceptable levels by Christmas, but while most councillors are pointing the finger at the NRA, Mr Lynn says he won’t play the blame game…………[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/vinra1pm.mp3[/podcast]Meanwhile, Donegal South West Deputy Dinny Mc Ginlery hasn’t been so shy about apportioning blame, calling the NRA’s handling of the situation inexcusable. In a statement this evening, he says giving countrywide responsibility to the National Roads Authority for the provision of salt has proven to be an unmitigated disaster.He wants some of the salt en route to Ireland to be shiped directly to Killybegs and says the council’s priority list must be revisited……[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/dinny530.mp3[/podcast] Facebook Facebook Pinterest
WhatsApp PSNI free two people detained in relation to O’Hara funeral By admin – September 17, 2015 Previous articleSurvey shows a proportionately high level of emigration from DonegalNext articleTributes paid to Burt farmer following fatal bull attack admin Pinterest Google+ Homepage BannerNews WhatsApp Google+ Twitter 75 positive cases of Covid confirmed in North Man arrested on suspicion of drugs and criminal property offences in Derry Two people arrested in Derry yesterday by detectives investigating offences committed at the wake and funeral of Peggy O’Hara in the city in July have been released unconditionally.A 53 year old man was freed just before teatime last night, a 44 year old woman was released shorly afterwards.Examinations are continuing on a numner of items seized during searches in the Creggan area. Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR Facebook Facebook Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic Gardai continue to investigate Kilmacrennan fire