Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?
Allwork
JANUARY 6, 2023
“New York raises almost $1 billion annually from a tax on large commercial leases, which could fall if demand from big tenants like law and financial-services firms remains soft,” Bloomberg reported. . These valuation changes have repercussions for local public finances and financial sector stability,” according to the study. .
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