Hirschfeld Published in Tax Notes Today
An article covering the new IRS statistics on FIRPTA and Foreign Investment in U.S. Real Estate include comments from Michael Hirschfeld:
"Dutch investors often sell through a U.S. corporate subsidiary, and the Foreign Investment Real Property Tax Act of 1980 doesn’t touch that. It’s similar to a strategy used by investors in the Cayman Islands. Investors try to minimize tax by using debt and equity, and those who do use the Netherlands use more complex structuring," said Andersen Tax Managing Director, Michael Hirschfeld.
Tax Notes Today
July 27, 2017