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How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich
Many of the projects that will enjoy special tax status were underway long before the opportunity-zone provision was enacted. Financial institutions are boasting about the tax savings that await those who invest in real estate in affluent neighborhoods.
- Region
- North America
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The Business Roundtable Announcement: How We Can Ensure It’s Part of a Paradigm Shift – and Not Just Window Dressing
Last week members of the Business Roundtable, an organization comprised of CEOs of some of the world’s largest corporations, signed a statement "modernizing its principles on the role of a corporation." They declared that the purpose of a corporation is to create value for employees, suppliers, customers and communities – not just shareholders. At face value, it's a game-changing announcement. Impact investing pioneer Margot Brandenburg explores how to hold these companies accountable to it.
- Categories
- Investing
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Instead of Bringing Jobs to the People, Bring the People to the Jobs
Worldwide, 300 million people live nominally above the poverty line but regularly go hungry for some portion of the year.
- Region
- South Asia
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Facebook Is Inviting Washington to Regulate Libra — Good Luck With That
By not being classified as a bank, Facebook is able to avoid some of the rules that other banks have to follow.
- Categories
- Finance, Technology
- Region
- North America
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Viewpoint: Immigrants Should Do More Than Just Send Money Home
Remittances are OK, but there’s no substitute for investment, growth and economic development.
- Categories
- Finance
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Viewpoint: Treasury Risks Dropping the Ball on Opportunity Zones Accountability
The die will be cast when the Treasury Department releases final regulations governing Opportunity Zones. It’s up to Treasury to weigh these risks against the potential returns for our communities.
- Categories
- Investing
- Region
- North America
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Kenyan Betting Firms Say Payment Systems Suspended Following Government Order
Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports to achieve combined revenue of 204 billion shillings ($2 billion) last year.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- public policy, regulations
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White House Touts Help For Poor Areas — But Questions Endure Over Who’ll Benefit
Smith, who helps lead the White House efforts on the zones and other domestic policy matters, told NPR that the zones help cities and towns draw on private-sector investment in an innovative way. But the federal law does not specify how those funds should be used; investors might build affordable housing — or they might build high-end apartment buildings.
- Categories
- Finance
- Region
- North America