The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate
Miller Samuel
MARCH 19, 2019
If you said you are going to impose a special surcharge on apartments that are worth more than $20 million, that would be perfectly legal,” said Peter L. The 2014 whitepaper doesn't consider this but instead presents the tax in a vacuum as if market forces don't respond. Faber, a partner at McDermott Will & Emery.
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