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Today — 31 May 2026NYT | Top Stories
Before yesterdayNYT | Top Stories

Trump Clears Way for Companies to Avoid Taxes in Havens Including Malta and Cyprus

U.S. companies skirted at least $40 billion in taxes since the beginning of 2025 thanks to schemes in places like Malta, Bermuda and Cyprus.

© Susan Wright for The New York Times

A favorite destination for tax-dodging by U.S. companies was the tiny Mediterranean island of Malta.

What’s Inside New York’s $269 Billion Budget: Second-Home Tax, Restrictions on ICE and More

29 May 2026 at 01:56
Gov. Kathy Hochul used the state budget as a vehicle for policy initiatives, including a new second-home tax and a push to make the state less hospitable to immigration agents.

© Cindy Schultz for The New York Times

Gov. Kathy Hochul insisted on making climate goals easier to reach as part of the budget deal.
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