Wyden Questions Baker Tilly, PTM Partners Over Opportunity Zones

Senate Finance Committee Chair Ron Wyden launches an investigation into Opportunity Zones and asks SkyBridge Capital, Baker Tilly US, LLP, Cresset Partners, LLC, Hatteras Sky, PTM Partners, LLC, Related Group and Shopoff Realty Investments for information about their projects.

• “I have long been concerned that the Opportunity Zone program may permit wealthy investors another opportunity to avoid billions of dollars in taxes without meaningfully benefitting the distressed communities the program was intended to help,” Wyden writes in letter
• NOTE: Opportunity zones, created in 2017 under a tax overhaul, offer relief from taxes on certain capital gains ...