These distinctions are highly significant given this Court's recognition that States may structure their tax systems "to encourage the growth and development of intrastate commerce and industry" and may "compete with other States for a share of interstate commerce." (40) As the Court observed in
Boston Stock Exchange, when making the "delicate adjustment" between the national interest in free trade protected by the Commerce Clause and the legitimate interest of States in the exercise of their power to tax, the result turns on "the unique characteristics of the statute at issue and the particular circumstances in each case." (41)
Seven years after
Boston Stock Exchange, the Supreme Court decided another New York case, Westinghouse Electric Corp.
State Street Corporation (NYSE: STT) has announced that it will voluntarily delist its common stock from the
Boston Stock Exchange.
Seven years after
Boston Stock Exchange, the Court decided Westinghouse Electric Corp.
As part of the deal, European Multilateral Clearing Facility will take a five percent stake in Nasdaq Clearing Corporation, formerly the
Boston Stock Exchange Clearing Corporation, Associated Press said in a related report.