The New York Mets, owned by Steve Cohen, have been hit with a record luxury tax bill of nearly $101 million after finishing in fourth place in the NL East. This marks their first time owing tax money. The final amount owed by the Mets would have been slightly higher, but they received a tax credit under a provision in the latest collective bargaining agreement. The total spending on luxury tax payrolls in MLB rose to a record high.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/82jfAlm
via
0 Comments