Mamdani’s ‘Tax the Rich’ Plan Hits Legal and Real Estate Complications
Mamdani’s ‘Tax the Rich’ Plan Hits Legal and Real Estate Complications/ TezzBuzz/ WASHINGTON/ J. Mansour/ New York City’s tax on expensive second homes could generate $500 million annually, but complex ownership arrangements have complicated its rollout. Trusts, limited liability companies and informal occupancy agreements make it difficult to identify which properties qualify. A lawsuit, exemption … Read more