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Companies Move to Miami To Avoid High Taxes

Miami has turned into a hotspot for companies who aim to evade large taxes and overpopulation after the pandemic struck. Alex Rodriguez, the American former professional baseballer, who is also a businessman, talked of his deep-rooted habit to purchase real state in Miami and affirmed that after coronavirus the business has tremendously boosted in the popular city of Florida. Having teamed up with Barry Sternlicht of Starwood Capital, he has been building retail state and restaurants in spectacular Miami Beach. His partner moved from Connecticut 2 years ago mainly due to high taxes. He said floods of rich people are moving to Miami, similar to Business-friendly Singapore. People can try other places instead of states including Illinois and New York and Connecticut, where they have to put up with high taxes, he added. California, too, is amongst the states with plans to further highest individual tax rate, currently 13.3%, as well as increasing Corporate income tax. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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