March 23, 2021

exodus

Top finance, tech firms mulling NY exodus over proposed tax hike

Top New York firms that toughed it out through the pandemic are now considering packing their bags over $7 billion in proposed new state taxes.

At least 20 finance and tech companies are already poised to leave for sunny, low-tax Florida, said Kathyrn Wylde, CEO of the business-backed Partnership for New York City.
“The Legislature’s proposals will move us in the opposite direction by driving away the businesses and tax base required to do that,” said powerful Real Estate Board of New York President James Whelan.

Read More