How “hollowed” hotels are destroying worker rights

A vintage postcard depicting a seaside Hilton hotel. The hotel is full of intestinal worms, and perched atop it is a ‘fat cat’ caricature of a rich guy with a money-bag for a head. In front of the hotel is a guillotine. Image: SuSanA Secretariat (modified) CC BY 2.0:

The Real Estate Investment Trust is (REIT) a sixties-era tax shelter designed to allow mom-and-pop investors to buy into income properties. REITs are exempt from corporate tax, but they’re also prohibited from managing the buildings they own.



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