Articles tagged “tax”

Tax Break Boosts Hotel Development in Low-Income Districts

Tax Break Boosts Hotel Development in Low-Income Districts

Patrick Clark and Noah Buhayar, Bloomberg

The 2017 U.S. tax overhaul introduced favorable treatment for investments made in about 9,000 low-income areas. Some developers have reacted by constructing hotels rather than, say, hospitals or affordable housing. We like hotels but question using tax laws to max out their construction in places like Brooklyn's hip Williamsburg district.

6 months ago

London Mayor Backs Plans for a New Tourism Tax

London Mayor Backs Plans for a New Tourism Tax

Patrick Whyte, Skift

Tourism associations are already up in arms about the plans but there is no guarantee that the UK government will hand over the power to implement a tax. Other popular cities operate similar levies and a small fee isn't going to put anyone off traveling to London.

3 years ago