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Business · Important news for 14 August 2026

Business

Judge pauses Zohran Mamdani's pied-a-terre tax following legal challenge

Fortune

A judge ruled that the city illegally shifted the tax status burden onto owners, pausing Zohran Mamdani's $500 million levy.

  • A judge ruled the city illegally shifted the burden of proving tax status onto owners
  • Mamdani's $500 million pied-a-terre tax levy has been paused

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