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News  ›  GlobeNewswire Inc.

Los Angeles Influence Investigates: Expert Legal Review of LuxUrban’s New York Tax Liability and OTA Compliance

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Los Angeles Influence
Los Angeles Influence Investigates: Expert Legal Review of LuxUrban’s New York Tax Liability and OTA Compliance

An independent analysis confirms LuxUrban Hotels Inc. is compliant with New York State and City sales-tax requirements, with evidence suggesting proper tax remittance and potential over-payment across online travel agency and direct booking channels.

Insights
NGD   neutral

Being acquired at a 16% premium, shareholders will receive 0.4959 shares of Coeur for each New Gold share


LUXHQ   positive

The article provides a detailed legal defense demonstrating the company's full tax compliance, lack of unpaid tax liability, and successful resolution of a settlement with minimal financial impact