Commercial real estate industry worries over higher taxes as election looms [Yahoo! Finance Canada]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance Canada
Commercial real estate is especially vulnerable to higher taxes because its high fixed costs make it less able to offset them, according to industry trade groups. They said they are particularly concerned about key tax breaks being retained or left unchallenged in the coming years. "'Do no harm' is the biggest thing with real estate organizations," said David McCarthy, the managing director and head of legislative affairs at the Commercial Real Estate Finance Council, a nonpartisan trade group. "Given that the nature of real estate is not super liquid, anything that raises costs now would come at the worst possible time." Key measures that the industry is concerned about preserving include pass-through deductions, like-kind exchanges and low capital gains taxes. Trump has endorsed making his tax cuts permanent although he has not been specific about these measures. Many of his 2017 tax cuts are set to expire next year. So far, campaign contributions from the finance, insurance
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SPG
Earnings
- 11/1/24 - Miss
SPG
Sec Filings
- 11/14/24 - Form SC
- 11/1/24 - Form 8-K
- 10/8/24 - Form SC
- SPG's page on the SEC website