foreign governments.
Hillary Rodham Clinton's State Department has reversed a longstanding policy requiring foreign governments to pay taxes on some diplomatic residences.
Foreign governments receive tax exemptions for some diplomatic buildings here -- typically their main headquarters and the residence of their chief diplomat.
Other buildings, like those housing lesser mission employees, were subject to city tax rules.
Not any more.
New York City will lose $260 million in back taxes and millions upon millions in future revenue.
If we can't pay principal and interest, we'll at least cut them a break on the cost of doing business.
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