NYC Mayor Zohran Mamdani's luxury second-home tax proposal wins Jeff Bezos backing
New Delhi, May 21 -- Amazon founder Jeff Bezos has voiced support for New York City's proposed pied-a-terre tax on luxury second homes, even as several prominent business leaders continue to oppose the measure, according to a report by Business Insider.
Speaking to CNBC on Wednesday, Bezos compared the proposed levy to taxes imposed on tourists through hotel stays. "Taxes on out-of-towners are very popular taxes. That's why there are hotel taxes," Bezos said during the interview.
"There are limits. If you raise the hotel taxes too much, the tourists stop coming," he added. "So you have to be judicious, but I think that the pied-a-terre tax is a fine thing for New York to do."
The proposed pied-a-terre tax would apply to New York City p...
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