Prison firms that restructured as real estate investment trusts see substantial tax cut – more good news for those who benefit from increased incarceration
Individual investors in US private prisons are poised to collect their most lucrative earnings ever thanks to changes in the tax code signed by Donald Trump, continuing what has been a banner year for the industry since the 2016 election.
“It’s going to be great for the investors, banks and hedge funds that own shares in private prisons, and are dependent on increased incarceration and criminalization,” said Jamie Trinkle, campaign and research coordinator with the racial and economic justice coalition Enlace.
Continue reading...from US news | The Guardian http://ift.tt/2lcjqTY
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