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Taiwan: Academics split on effect of luxury tax on property market

Posted on 19 February 2013

Academics were divided over the effectiveness of the special sales levy in helping curb property speculation, but agreed that the measure needed to be reviewed two years after its implementation.
The debate came after the Ministry of Finance said on Friday that it would re-evaluate the tax, with houses resold within two years after purchase being subjected to a levy of up to 15 percent starting in June 2011…………………………………….Full Article: Source

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