In 2014, 126,000 New York tax filers fled to other places in the United States — more than from any other state, according to the study posted on newgeography.com by two demographers.
The Empire State also lost the most “high earners,” who reported incomes of more than $200,000 a year.
“New York has been leading the nation in domestic migration for decades,” Wendell Cox, who co-authored the study, told the Albany Times Union.
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Time For Truth: (New York Post) – Taxpayers are fleeing New York in droves
Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union’s fight against tax-dodging.
In the wake of the ‘Panama Papers’ revelations of widespread tax-avoidance practices, Brussels has toughened up its drive for fairness by tightening controls and adopting stricter rules.
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Time For Truth: (Reuters) – 'Times are changing, pay your taxes', euro zone chief tells corporations
The Republic of Ireland’s Cabinet meeting to discuss the European Commission’s decision that Ireland granted undue tax benefits of up to €13bn (£11bn) to Apple has been adjourned.
Finance Minister Michael Noonan said the Irish government will appeal the ruling.
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Time For Truth: (BBC News) – Irish Cabinet meeting about Apple tax ruling adjourned until Friday
The European Commission ruled on Tuesday that “selective treatment” by Ireland allowed Apple to pay a tax rate of one percent on EU profits in 2003 down to 0.005 percent in 2014. The US company has been ordered to pay up to €13 billion to cover the unpaid tax.
At least 25 CEOs earned more than their companies paid in income taxes in 2010, according to a new report from the Institute for Policy Studies. Exclusive to The Atlantic, the authors explain their findings and why they matter.
This month, 40,000 Verizon strikers went back to work without a new contract. But their strike hit a nerve. Most Americans cannot understand why Verizon workers should have to spend up to $3,000 more for their family’s health care while the company’s top five execs have walked off with a quarter-billion dollars in personal pay over the past four years.