7 years ago
1
Vancouver slaps $10,000 a year tax on empty homes. Lie about it and it’s $10,000 a day
Want to keep your million-dollar luxury pad in Vancouver empty? Get ready to pay $10,000 (US$7,450) annually in extra taxes. Lie about it? That’ll be $10,000 a day in fines. Canada’s most-expensive property market, suffering from a near-zero supply of rental homes, announced the details of a new tax aimed at prodding absentee landlords into making their properties available for lease. The empty-home tax will take effect by Jan. 1 and will be calculated at one per cent of the property’s assessed value, Vancouver Mayor Gregor Robertson told reporters at City Hall.
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http://www.calgaryherald.com
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So, about 2 hours wages? Oh, what a deterrent. Big fucking deal. When will the morons who decide on taxes and fines and things like that realize that rich people scoff at numbers like this? They are the same people who decide to violate the law in their business dealings because the profit will be far more than the fines, so they just call it a cost of doing business. Rich people don't think like the rest of us because their perspective is different.