Vancouver plans to tax empty properties 1% of their assessed value

Re:Vancouver plans to tax empty properties 1% of their asses... by seanmcdirmid on Thursday November 10, 2016 @05:50PM (#12925314)

They ask politely, and you either lie or tell the truth.

This is a big difference between the west and a country like the PRC where strong rule of law isn't a given. In the west, they will simply ask, with the caveat that perjury is a serious crime if you are found out. In China, they will figure out another way since trust isn't assumed and lying is considered a much weaker offense. Completely different systems.

(The PRC is trying to go in a trust direction with income self reporting, but it doesn't affect the taxes you pay, oddly enough.)

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Re:Vancouver plans to tax empty properties 1% of their asses... by seanmcdirmid on Thursday November 10, 2016 @08:41PM (#12926647)

Here is a better description:

http://www.calgaryherald.com/vancouver+slaps+year+empty+home...

(Vancouver slaps $10,000 a year tax on empty homes. Lie about it and it’s $10,000 a day)

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