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An idea that has been put forward for addressing the Auckland housing market problems is that...

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Finance

An idea that has been put forward for addressing the Aucklandhousing market problems is that foreign buyers should be requiredto pay a tax on the land they have bought. How will this improvefinancial stability? and What are the drawbacks of thismeasure?

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Taxes on the land purchased by the foreign buyers will improve financial stability in the following ways 1 It will help in increase the revenue of the government 2 There will be reduction in the number    See Answer
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An idea that has been put forward for addressing the Aucklandhousing market problems is that foreign buyers should be requiredto pay a tax on the land they have bought. How will this improvefinancial stability? and What are the drawbacks of thismeasure?

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