Carl Icahn, the billionaire investor who has built a business empire in New York City over the past three decades, is moving his office -- including at least half of his staff and himself to Florida early next year, reportedly to dodge high taxes.
The 83-year-old investor, worth a staggering $17.7 billion, told employees at his publicly traded company Icahn Enterprises that he will close the Manhattan office at the end of March 2020 and open a new office near Miami one month later.
Icahn joins a slew of other powerful financial companies in fleeing New York for lower-tax destinations like Florida, Tennessee and Texas in the wake of President Trump’s 2017 tax overhaul, which placed a $10,000 cap on state and local tax deductions.
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