The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Chinese envoy challenges new Vancouver home tax as fallout spreads

Published Sun, Aug 14, 2016 · 09:50 PM
Share this article.

Vancouver

CHINA'S top envoy in British Columbia challenged the Canadian province's new 15 per cent tax on foreign homebuyers, questioning the justification behind the hastily imposed measure.

"Why a 15 per cent tax? Why now? Why this rate? What's the purpose? Will it work?" Liu Fei, China's consul- general in Vancouver, said in an interview last Thursday. "The issue is how to help young people afford housing," she added. "I'm not sure even a 50 per cent tax would solve the problem."

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here