New York Stock Exchange Threatens To Leave New York 02-10-2021, 06:41 PM
#1
The NYSE isn't the only entity consider moving based on tax laws. Many other Silicon Valley-types are also packing their bags. Wonder what it'd be renamed to... The Texas Stock Exchange?
Read More: https://www.forbes.com/sites/ginaheeb/20...transfers/
Quote:The New York Stock Exchange warned Tuesday that it may leave the state if the legislature imposes a tax on stock transfers, escalating a fight with Democrats who argue the move would help address a historic budget shortfall.
[...]
“The stock exchange will not leave New York—one of the largest financial centers on earth—if we pass this bill, which would levy very minimal taxes on specific financial transactions, a policy that has long been implemented by other thriving financial centers around the world,” New York state Senator Julia Salazar, who sponsored the bill, said in a statement to Forbes.
Read More: https://www.forbes.com/sites/ginaheeb/20...transfers/













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