SUPER-RICH COMPLAIN BUT EXPERTS WELCOME MAMDANI’S PIED-À-TERRE TAX

New York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters New York City’s introduction of a pied-à-terre tax has provided fodder for Zohran Mamdani’s critics, who accuse… The tax, aimed at closing the city’s budget gap, covers people who own but do not live full-time in a house worth more than $5m or a condominium or cooperative unit worth at least $1m.

US news | The Guardian reports that new York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters New York City’s introduction of a pied-à-terre tax has provided fodder for Zohran Mamdani’s critics, who accuse…

The report adds: The tax, aimed at closing the city’s budget gap, covers people who own but do not live full-time in a house worth more than $5m or a condominium or cooperative unit worth at least $1m.

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