Empire State Building IPO change may help pay tax | Business and ...

Empire State Building IPO change may help pay tax

NEW YORK (Reuters) ? The controller of the Empire State Building has offered investors the opportunity to sell some of their shares and relieve some of the expected tax burden if a proposed initial public offering is approved before the end of the year, according to a federal filing on Tuesday. But that may not be enough to help the 2,824 investors pay what could be a tax liability somewhere between $50,000 and more than $100,000 depending on the pricing of the IPO shares and where the investor lives. Malkin Holdings LLC, which controls the U.S. ?

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