Congress had to make a distinction between these and corporations and it's kind of a subtle distinction because there are lots of corporations that own real estate.

国会必须把它和公司区分开来,这种差别很微妙,因为很多公司也持有房地产

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The housing sector in the United States, you might say, is completely different from municipal bond insurers; but when the housing sector starts going down, people start defaulting on their mortgages.

你可能会说,美国房地产,是与市政债券保险公司完全不同,但是当房地产行业开始衰退,人们就开始对抵押贷款违约

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Another way of putting it, the government is effectively saying that unaccredited investors are free to invest in corporations that invest in real estate and they're subject to the corporate profits tax.

换句话说,实际上政府允许,非可信投资者自由投资,那些投资房地产的公司,只是他们必须上缴公司所得税

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They wanted REITs to be companies that just owned real estate and Wal-Mart is primarily a retailer.

EITs应是只持有房地产的公司,而沃尔玛主要经营零售

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