--“Real-Estate Pros Fight NYC Tax on Wealthy Absentee Owners,” - TopicsExpress

--“Real-Estate Pros Fight NYC Tax on Wealthy Absentee Owners,” by Bloomberg’s Henry Goldman and Allyson Versprill: “The real-estate industry is mobilizing to kill a proposed levy on non-resident owners of apartments valued at more than $5 million, seeking to ensure the world’s biggest city doesn’t follow London, Hong Kong andSingapore in extracting extra cash from trophy properties. The industry’s lobbying arm, the Real Estate Board of New York, says the measure will scare off investors who fuel a business supporting more than 500,000 jobs and generating 40 percent of the five boroughs’ revenue. Brokers warn of economic calamity if officials slap a luxury tax on apartments owned by someone who lives in the city less than half the year.”

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