NEW YORK (AP) — People who buy luxurious second homes in New York City, but live most of the year elsewhere, would have to pay a new tax on the properties under a tentative agreement — an initiative to appease Mayor Zohran Mamdani and liberal voters who launched him into office with chants of “tax the rich.” But the deal, part of a sprawling budget plan announced Thursday by Gov. Kathy Hochul, would stop short of a major priority for the mayor: a broad tax increase on the state’s wealthiest residents.The proposed tax on multimillion-dollar second homes, known as pied-à-terres,…

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Péter Magyar has been sworn-in as Hungary’s new prime minister, after taking his oath in parliament on Saturday morning, bringing an end to 16-years of Viktor Orbán rule, cementing a landslide April election victory. Magyar’s Tisza party secured 141 seats in the 199-seat National Assembly, an outright majority. The outgoing…

Business & Money

The Supreme Court tackled another tax-related case this term, ruling that a New Jersey nonprofit could immediately challenge a state subpoena seeking sensitive donor information, rather than waiting until the government tried to enforce it. Most public charities are used to reporting major donors confidentially to the IRS on Schedule…

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