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Three patrons play slot machines in the Hollywood Casino at Penn\National Race Course in Grantville, Pennsylvania, U.S., on Tuesday, Feb. 12, 2008. (BRADLEY C BOWER/BLOOMBERG NEWS)
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U.S. companies dodge taxes by converting to REITs
TIM KILADZE
— The Globe and Mail
Published
Last updated
U.S. lawmakers have a new conundrum to work through: whether or not to stop American companies from adopting trust structures to skirt their corporate taxes.
Sound familiar?
It should. Though the problem isn’t exactly the same as Canada’s, the root of is precisely why Ottawa kiboshed Canadians’ beloved income trusts.
