I mean, I’m not really understanding how this is a win “for the people”. As per the article, the tax itself is quite small, and there is a loophole allowing them to not be taxed on real estate investments. So they are just shifting their wealth to real estate.
I mean, I’m not really understanding how this is a win “for the people”. As per the article, the tax itself is quite small, and there is a loophole allowing them to not be taxed on real estate investments. So they are just shifting their wealth to real estate.