Opinion | Opportunity Zones — for Billionaires

The program, by its nature, rewards the small number of households that face significant capital gains taxation, offering them a measure of relief from that obligation. Still, many members of Congress — including a large number of Democrats — saw merit in encouraging development in downtrodden areas. But Congress failed …

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How FedEx Cut Its Tax Bill to $zero

WASHINGTON — In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration’s tax cut — for which the company had lobbied hard. The public face of its lobbying effort, which included a tax proposal of …

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