Robin Dubin discusses tax changes for Forest City on NPR | Weatherhead

Robin Dubin discusses tax changes for Forest City on NPR

Posted 1.15.2015

Robin DubinProfessor Robin Dubin, economics department chair at Weatherhead, contributed to the radio broadcast on the regional NPR station, WKSU, regarding Real Estate Investment Trust (REIT) and Forest City Enterprises' corporate structure change.

“As a REIT, they distribute their income to their shareholders in a dividend form, and then Forest City doesn’t pay tax on that money; the shareholders pay tax on the money.”

Under the structure, 95 percent of a company’s profits must go to its shareholders. Dubin says the IRS only allows real estate companies to operate this way. Forest City officials expect to switch to the new structure on January 1 of next year.

Listen to the broadcast on 89.7 WKSU.

Interested in learning more about Weatherhead programs? Request more information or apply now, or register for one of over 70 open enrollment courses through Executive Education.

Weatherhead School of Management at Case Western Reserve University cultivates creativity, innovation, and purpose-driven leadership to design a better world.