Stephen Ziobrowski was quoted in an article, "10 states millionaires might be fleeing," in LifeHealthPro. In the article, Ziobrowski discusses how several states—including Massachusetts—are considering raising their taxes on their wealthiest residents. He says that the concern with taxing the wealthy is that it causes them to leave.
"We saw this happen when Florida got rid of its estate tax and we had a lot of people moving out of Massachusetts and changing their domiciles as a result. If you start to impose a tax on the incomes of wealthy people in ways that other states are not doing, you are risking a brain drain, for lack of a better term." He also adds that the Massachusetts legislature would not want to repeat the mistake it made back in 2005 when the Massachusetts Supreme Judicial Court ruled that an act passed by the legislature, which had affected the taxation of capital gains in 2002, was unconstitutional and that the Department of Revenue was required to provide refunds of some of the taxes it had collected.
Day Pitney Press Release
Day Pitney Press Release
Day Pitney's annual Palm Beach Family Office Forum was featured in The Florida Bar News article, "Day Pitney Hosts 2023 Palm Beach Family Office Forum."
Day Pitney Partners George Chaclas and Renée Evangelista, and Senior Associate Leigh Furtado were each honored with a Rhode Island Monthly Professional Excellence in Law Award for 2023.
Day Pitney Press Release
Day Pitney Press Release
Day Pitney Private Client Partner Gregory A. Hayes was featured in Florida Bar News for being named managing partner of the firm.
Day Pitney Multistate Tax Practice Chair Scott Brian Clark was recently appointed to Bloomberg Tax's State Tax Advisory Board.
Day Pitney Trusts and Estates Attorney Kaitlyn Sapp was featured in the Special Needs Alliance’s Member Spotlight.
Day Pitney Private Client Partner Gregory A. Hayes' appointment to Managing Partner of the firm was featured in Politico's New York Playbook newsletter.