Latest News for: luxury tax

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Boston Celtics' $500M Roster Faces NBA’s Harsh Luxury Tax Penalties Under New Ownership

The Times of India 22 Mar 2025
... Could Reshape Boston Celtics’ FutureStarting from the 2025-26 season the NBA's collective bargaining agreement introduces severe financial measures targeting teams which cross the luxury tax limit.
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UAE Property Market’s Institutional Investment Surge

The Arabian Post 22 Mar 2025
The luxury real estate segment, in particular, has garnered significant attention from institutional investors ... This trend reflects a growing recognition of the UAE’s luxury real estate as a viable and profitable investment avenue.
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Electric car buyers three times more likely to fall foul of luxury car tax sting ...

The Daily Mail 21 Mar 2025
Drivers buying an electric car rather than a petrol or diesel model will be three times more likely to be hit by luxury car tax under new rules coming into force in just over a week ... luxury car tax.
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Celtics could trade away two All-Stars as part of new-owner effect under Bill Chisholm

Sportingnews 21 Mar 2025
The Celtics have an expensive roster, and thus, an expensive luxury tax bill ... But what about the others?. MORE ... Now to be fair to Chisholm, he may have bought the Celtics to maintain this standard and not mind paying a huge luxury tax bill ... MORE NBA ... .
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Inflation disparity explains South’s prosperity, subnational migration

The Times of India 21 Mar 2025
The South's robust income levels and higher taxes on luxury goods contribute to ...
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NBA Offseason Rumors: Why the Golden State Warriors could release $24,900,000 forward; are there better scopes for the 22 yo?

The Times of India 21 Mar 2025
... and Golden State is firmly entrenched in luxury tax territory ... Factor WarriorsPerspective Nets’ Perspective Financial Constraints Already deep in luxury tax; re-signing Kuminga adds to the burden.
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Three biggest questions facing Celtics after sale to William Chisholm

Boston Herald 21 Mar 2025
But that core is about to become exorbitantly expensive thanks to the NBA’s new luxury tax repeater penalties, which go into effect this offseason ... $90 million at their current luxury tax status.
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Slog AM: Trump Tries to Kill Education Department, Heathrow Grounds Flights, Pirate's Booty Founder Flounders in ...

The Stranger 21 Mar 2025
Tax Season ... Another proposal is modeled after Seattle's JumpStart tax on large companies' payroll expenses ... If he cares about fighting for public education, then Ferguson may not have the luxury of being tax-shy. .
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Boston Celtics to be sold for record $6.1 billion to group led by private equity mogul

Manila Bulletin 21 Mar 2025
... minority partner Steve Pagliuca, who said he put together a record, fully guaranteed bid with deep resources and no debt to “ensure we can always compete for championships, luxury taxes be damned.”.
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NBA’s Boston Celtics sold to private equity mogul Bill Chisholm for record-setting $6.1 billion

The Vindicator 21 Mar 2025
... Steve Pagliuca, who said he put together a record, fully guaranteed bid with deep resources and no debt to “ensure we can always compete for championships, luxury taxes be damned.”.
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Joe Tsai says he has to build winner with Nets before being main owner of ...

New York Post 21 Mar 2025
inside the nets ... While Tsai forked over some of the heftiest luxury tax bills in NBA history when he had Kevin Durant, Kyrie Irving and James Harden together, Nets general manager Sean Marks has repeatedly praised ownership’s willingness to spend ... ....
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Progress report: Los Angeles Dodgers

San Diego Union-Tribune 21 Mar 2025
LOS ANGELES DODGERS. 2024 finish. 98-64 (1st in NL West, won World Series) Manager. Dave Roberts (11th season, 851-506) Leading the front office. Andrew Friedman, president of baseball operations (11th season). DOLLARS AND SENSE. Largest luxury tax hit ... St.
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Record Celtics sale to tech mystery man Bill Chisholm shocks sports world, Wall Street: ‘Never ...

New York Post 21 Mar 2025
... the hated Knicks rivals feature a roster projected to cost around $500 million for the 2025-26 season because of a luxury tax hit for blowing past the salary cap, as The Post previously reported.
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Diamondbacks' tax plan could cost taxpayers $1 billion, Phoenix Mayor Kate Gallego warns

Azcentral 20 Mar 2025
She outlined her specific concerns that the bill.Won't require the team to pay for the stadium's renovations.Allows taxpayers' dollars to be used to construct luxury amenities that won't benefit the ...
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What sales taxes do I need to pay when buying a car in Canada?

Driving 20 Mar 2025
High-value cars are also subject to the federal luxury tax. If you purchase a car for $100,000 or more, you’ll also be required to pay the federal government’s luxury tax. In addition to the taxes ...
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