Los Angeles Business Journal

'Wall Street' Flees N.Y. for Tax-Free Florida

Monday, January 28, 2013

An increasing number of Wall Street financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida, the New York Post reports. Palm Beach even recently opened an entire office dedicated to luring finance hot shots down south.