NYSE chief warns it may exit New York if stock transfer tax is imposed
The golden goose might be about to fly south.
(From The New York Post)
The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal.
NYSE President Stacey Cunningham said she and 25 other representatives of New York’s securities industry sent a letter last Wednesday to state legislative leaders warning against the unintended consequences of imposing such a tax, which would ultimately be borne by investors.
This article was originally posted here: https://www.ac2news.com/2021/02/nyse-chief-warns-it-may-exit-new-york-if-stock-transfer-tax-is-imposed/.
