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Tax credits for phantom jobs

JANUARY 28, 2019 | by Wall Street Journal | THE WALL STREET JOURNAL

As controversy continues to swirl around Amazon’s sweet HQ2 deal in Long Island City, N.Y., there’s a warning from across the Hudson River about the perils of playing the corporate “incentives” game. After scrutinizing New Jersey’s efforts to trade business tax credits for jobs, the state comptroller this month released a weapons-grade audit.

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