Proposed Stock-Transfer Tax Could Send NYSE Packing

Two professional football teams left New York for another state – but the New York Stock Exchange? That is a possibility if the Empire State imposes a transfer tax on stock sales, according to the exchange's president. In a Tuesday 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 to state legislative leaders warning against the unintended consequences of imposing such a tax.-- More...

NEWSMAX——Bio and Archives

NEWSMAX: America’s News Page