The implementation of New York City Democratic Mayor Zohran Mamdani's new pied-a-terre tax was ruled "arbitrary" and "capricious," marking a major setback for the socialist official and his efforts to tax wealthy citizens. Mamdani proposed the tax for homes worth at least $5 million, as well as co-ops and condos...
The implementation of New York City Democratic Mayor Zohran Mamdani’s new pied-a-terre tax was ruled “arbitrary” and “capricious,” marking a major setback for the socialist official and his efforts to tax wealthy citizens. Mamdani proposed the tax for homes worth at least $5 million, as well as co-ops and condos…
