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Metropolitan DC Local Politics
Reply to "The Guardian article. Is DC immune to this London market phenomenon?"
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[quote=Anonymous][quote]My understanding is that in Vancouver they passed a tax on foreign buyers. I am not sure that such a tax would be legal in the U.S., particularly considering that the U.S. has Bilateral Investment Treaties with most countries that typically prohibit this type of targeted taxation of foreign investment. It could also potentially violate the equal protection provisions of the 14th Amendment.[/quote] That would never work here - the foreign buyers would simply form an American shell company LLC.[/quote]
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