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Mamdani's 'millionaire home tax' reveals New York's big 'Ghost cars' problem

timesofindia.indiatimes.com · 18h · first reportShare

New York City's proposed millionaire home tax highlights vehicle registration fraud issues. Homeowners may need to prove primary residency, revealing out-of-state vehicle registrations. This practice, known as garage fraud, helps evade insurance and taxes. Investigators found many out-of-state vehicles owe significant unpaid fines. Similar registration schemes are also occurring in Italy and France.