Tax Expert Sees Higher Tax Bill for REITs Operating Outside the U.S. from BEPS Initiative

Bartjan Zoetmulder, partner at Loyens & Loeff, participated in a video interview at Nareit’s REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.

Bartjan expects that overall, REITs in the United States that are investing abroad are likely to see a higher tax bill resulting from the OECD’s base erosion and profit shifting (BEPS) framework. This will come about as REITs deal with factors such as fewer interest deduction possibilities on their European tax base and more withholding taxes on payments going back to the U.S.