Foreign investors interested in U.S. regulated investment companies (such as real estate investment trusts) stand to gain from tax incentives provided by the American Jobs Creation Act of 2004, according to special report by CCH Capital Changes.The company, a part of the Wolters Kluwer Corporate & Financial Services division, said the old tax rules imposed potential U.S. income tax liabilities and reporting requirements for foreign investors in REITs and other investment companies. "Under the 2004 tax act's new provisions, these rules have been favorably modified, reducing tax and reporting obligations and thereby making it less cumbersome and more attractive for a tax perspective for foreign investors to participate in these U.S. market-based investments," said Stevie D. Conlon, senior tax analyst for CCH Capital Changes. The company can be found online at http://www.cap.cch.com.

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