HOUSE_OVERSIGHT_026830.jpg
1.72 MB
Extraction Summary
3
People
4
Organizations
1
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Legal alert / client advisory
File Size:
1.72 MB
Summary
This document is a legal alert from the law firm Sadis & Goldberg regarding the 'Protecting Americans from Tax Hikes Act of 2015' (PATH Act). It details changes to the FIRPTA tax laws, specifically highlighting exemptions for qualified foreign pension funds investing in U.S. real estate and infrastructure. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation, likely related to financial records, though the text itself is a general legal update.
People (3)
| Name | Role | Context |
|---|---|---|
| Alex Gelinas | Partner |
Partner at Sadis & Goldberg; contact listed on the legal alert.
|
| Setkind | Attorney/Partner |
Implied by email address 'setkind@sglawyers.com' listed at the top of the document.
|
| Barack Obama | President of the United States |
Mentioned as signing the PATH Act into law on December 18, 2015.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Sadis & Goldberg |
Law firm issuing the alert (identified by email domain @sglawyers.com and text body).
|
|
| Internal Revenue Service (IRS) |
Implied via references to the Internal Revenue Code.
|
|
| U.S. Treasury |
Mentioned regarding 'Treasury Regulations'.
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_026830'.
|
Timeline (1 events)
2015-12-18
President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) into law.
United States
President Obama
Locations (1)
| Location | Context |
|---|---|
|
Jurisdiction for the laws discussed (U.S. real estate, FIRPTA, PATH Act).
|
Relationships (1)
Listed as Partner with @sglawyers.com email address.
Key Quotes (3)
"On December 18, 2015, President Obama signed into law a bill that significantly reforms the provisions of the Internal Revenue Code that were originally added 35 years ago by the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA)."Source
HOUSE_OVERSIGHT_026830.jpg
Quote #1
"One of the most significant provisions of the PATH Act is the addition of a complete exemption from FIRPTA for 'qualified foreign pension funds' and 'entities' wholly owned by such funds..."Source
HOUSE_OVERSIGHT_026830.jpg
Quote #2
"The PATH Act makes foreign capital investment in U.S. real estate, energy and infrastructure assets more attractive..."Source
HOUSE_OVERSIGHT_026830.jpg
Quote #3
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document