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Stock impact report

Stephen Ross Sees California Billionaire Tax as Palm Beach's Gain [Yahoo! Finance]

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Yahoo! Finance
A proposed tax on billionaires in California has led to fear among investors and shows the difficulty of doing business in the state, Ross said in an interview with Bloomberg News in Palm Beach Wednesday. He sees that as an advantage as he tries to build South Florida into a tech and finance hub. Most Read from Bloomberg Why the Renovation of Federal Reserve Headquarters Costs $2.5 Billion E-Bike Boosters Ask: Is It All Downhill From Here? Hochul Eyes Jamaica Station Revamp and Subway Link Across Harlem Former New York City Housing Liaison Charged With Taking Bribes The Latest Brand of Tech City Dreams: Virtual Residents “The venture capitalists kind of want to get out of California because of the restrictions that are there, the taxes, the cost of doing business there, the cost of living there — this is what's really opened up opportunities for other states,” Ross said. Palm Beach County, meanwhile, is probably “one of the best places in America today, if not the best, Show less Read more
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