U-Haul data shows California and New York hemorrhaging residents to low-tax Texas and Florida. Attorney Mona Shah: “The exodus is real and significant.”
To “get rid of EB-5, you’d need an act of Congress,” Mona Shah unpacks how Trump’s gold card could impact the EB-5 program.
“What the Court has done to a handful of Maltese citizens, could now be exploited further, damning other groups.”
Mona Shah details the legalities that oppose Trump’s plan to scrap EB-5 and analyzes the potential impact on investors
IIUSA lawsuit challenges USCIS rules on EB-5 investment periods, splitting industry between regional centers and investor advocates
“Trump’s vision for a merit-based immigration system” will be a boon for the market, write Mona Shah and Rebecca Singh.
While tax is still the top motivator for expatriation, social polarization and violence have quickly become factors too, writes Mona Shah.
Not only are rich Americans increasingly moving abroad; even foreigners who initially came to the US on EB-5 visas are now leaving, says Shah.
“By revoking the UK non-dom scheme, lawmakers could be risking much more than the flight of wealthy families,” writes Mona Shah.
Mona Shah and Rebecca Singh detail 11 issues facing the United States EB-5 program this year, along with their predictions for each.
“We are confident that we will prevail in court, given the strength of our legal and factual arguments,” Shah said in a statement to IMI.
“This financial fracas will sweep up a lot of players,” write Mona Shah and Rebecca Singh, who believe the Wailian arrests are part of a broader effort.