Developers want REIT tax measure amended

Posted at Jul 28 2011 02:06 AM | Updated as of Jul 28 2011 10:06 AM

Ed Francisco, president of BDO Capital and co-chairman of the Capital Markets Development Council, told Business Nightly that developers will monitor whether there will be any successful Real Estate Investment Trust (REIT) public offerings before trying to persuade the government to amend the law to exempt REITs from the value added tax.

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