Las Vegas March Madness Stats π- USA Stats Too.ππΊπΈa. Huge Tax Loophole Discovered!
As the Review-Journal reported last spring, at least $27.5 billion worth of transactions in the Las Vegas area β comprising roughly two dozen sales involving hotel-casinos, malls and other properties mostly on or near the Strip β had closed since 2007 without any publicly reported real estate transfer taxes.
Yeager said Tuesday he wasnβt aware of the issue until the Review-Journal reported on it, adding the coverage got him interested in the revenue at stake.
But he said he views the deal structure as a βtax loopholeβ that βtypically benefits the wealthiest and largest corporations.β
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