For Goldman, a Tax Break Makes Helping Poor More Lucrative
- Firm creates opportunity funds as rivals eye U.S. incentives
- Banks and investors may defer $7.7 billion in taxes by 2022
For almost two decades, a Goldman Sachs Group Inc. unit has tended billions of dollars in bets off Wall Street, funding projects in struggling neighborhoods around New York and beyond.
Now, thanks to a new U.S. tax break, its deals could become a lot more lucrative.