Davidson News

Davidson News

New York Auditors Clamp Down on Tax Evasion by Wealthy Out-of-State Residents

New York Auditors Clamp Down on Tax Evasion by Wealthy Out-of-State Residents

New York State is intensifying efforts to combat tax evasion by wealthy individuals who claim residency elsewhere to avoid state income taxes. The exodus of millionaires from New York has raised concerns about the state’s revenue, prompting authorities to scrutinize residency claims rigorously. The Department of Taxation and Finance has deployed a team of 300 … Read more