Lyft IPO Oversubscribed, Could Reap $1B In CA Taxes
PYMNTS
MARCH 20, 2019
California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We We need those billions for education and other areas,” John Chiang, the state’s former treasurer and controller, told CNBC , adding that the collection of taxes “may not happen all at once, and could be spread over time.”. “If
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