A new tax break meant to benefit low-income areas has opened an opportunity for Goldman Sachs to cash in. A lesser-known portion of the Republican tax overhaul introduced last year created opportunity funds, which are meant to help 8,700 low-income communities selected by state governors and officials, according to Bloomberg. Goldman is uniquely positioned to benefit from the tax break, in part because it’s already been funding deals in struggling areas. The financial firm has […]
source https://therealdeal.com/2018/08/29/who-benefits-from-a-tax-cut-for-the-poor-goldman-sachs/
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