The 2 per cent decline from 2022 reflects a more conservative approach to paying bonuses and an increase in the number of people working in the industry.
closely matched the previous year. However, it was well below the $US42.7 billion in 2021 and $US37.1 billion in 2020.
The securities industry is estimated to account for about $US28.8 billion in state tax revenue, or 27.4 per cent of the state’s tax collections, for 2022-23, and $US5.4 billion in city tax revenue, 7 per cent of total tax collections fiscal 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: