{"id":174900,"date":"2021-02-10T00:14:03","date_gmt":"2021-02-09T21:14:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nyse-warns-it-may-exit-new-york-over-stock-transfer-tax\/"},"modified":"2021-02-10T00:14:03","modified_gmt":"2021-02-09T21:14:03","slug":"nyse-warns-it-may-exit-new-york-over-stock-transfer-tax","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nyse-warns-it-may-exit-new-york-over-stock-transfer-tax\/","title":{"rendered":"#NYSE warns it may exit New York over stock transfer tax"},"content":{"rendered":"

“#NYSE warns it may exit New York over stock transfer tax<\/strong>”
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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<\/a>.<\/p>\n

NYSE President Stacey Cunningham said she and 25 other representatives of New York\u2019s 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.<\/p>\n

\u201cThe New York Stock Exchange belongs in New York. If Albany lawmakers get their way, however, the center of the global financial industry may need to find a new home,\u201d she said.<\/p>\n

An NYSE representative declined to comment further.<\/p>\n

New York State is facing steep budgetary shortfalls due to the COVID-19 pandemic, prompting some state lawmakers to introduce a bill<\/a>\u00a0that would tax certain financial transactions.<\/p>\n

The idea of a new transaction tax seems to have little support with the governor\u2019s office.<\/p>\n

When the topic came up at a January press conference, budget director Robert Mujica said a lot of ideas around such taxes \u201chaven\u2019t been fleshed out,\u201d according to a copy of the remarks provided to Reuters by an official in the New York State Division of the Budget.<\/p>\n

Mujica pointed to a financial tax that had been proposed last year in New Jersey, where many exchanges host their servers, and noted that the exchanges quickly mobilized to temporarily move their employees and activity outside of the state.<\/p>\n

The pandemic has shown people can do business anywhere, he said. \u201cSo if we increase the tax like that, you mobilize people, potentially just move your transactions and your servers to another part of the country where those taxes don\u2019t exist.\u201d\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#NYSE warns it may exit New York over stock transfer tax” 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…<\/p>\n","protected":false},"author":1,"featured_media":174901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/stacey-cunningham-nyse.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[92502,71386,71278,70359,70360],"class_list":["post-174900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-9-21","tag-albany","tag-nyse","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174900"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174901"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}