Is a flat rate fine a good idea in this case?
I imagine an investor keeping his or her $30M mansion just as a hedge against RMB depreciation and keeping it empty will think nothing of the $10,000 fine.
I imagine an investor keeping his or her $30M mansion just as a hedge against RMB depreciation and keeping it empty will think nothing of the $10,000 fine.
http://vancouver.ca/news-calendar/vancouver-introduces-empty...
> The empty-home tax will take effect by Jan. 1 and will be calculated at 1 percent of the property’s assessed value.