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Treasury Issues Rules on Tax Breaks for Opportunity Zones

from The New York Times

The Trump administration released regulations that could help venture capitalists, Native American tribes and entrepreneurs benefit from a new tax incentive meant to encourage investment in struggling communities. Backers of that incentive, known as opportunity zones, had complained to the administration that its regulations could end up steering most of that money into real estate development, rather than start-up businesses that are more likely to create well-paying jobs. more

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