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15. Why don’t you put a levy on foreign buyers?

15. Why don’t you put a levy on foreign buyers?

Answer

That would just be dealing with a symptom of the disease rather than its cause. To the extent foreigners are also using the tax loophole as a repository for their savings, then of course they are adding fuel to the fire. But what we’re focused on is dealing with the fire, not merely one source of the fuel.

Showing 2 reactions

  • James Turnbull
    commented 2016-12-07 16:01:17 +1300
    In my very very best John McEnroe voice … you cannot be serious?

    Trying to deal with a fire involves cutting off the supply of fuel and air.
  • Oliver Krollmann
    followed this page 2016-12-07 09:53:13 +1300