Two philosophical aspects related to Opportunity Zones must be considered. The first is the nature of corporate tax incentives. Amazon’s recent tax incentives could obliterate the political will for corporate tax incentives in the future.
The nature of the corporate tax incentive changes in a global economy as work becomes digitized. Public tax incentives for business attraction may be slightly easier to justify in an era when public funding supported physical infrastructure for the manufacturing of tangible goods, and when venture funding wasn’t available. Legitimize cases of public support could occur when a manufacturing firm . . .
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