Quote:
Originally Posted by ImportPsycho
I don't get it.
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Not much to get. You can call it a smoke screen really. Gov wants to make it look like they are implementing seemingly big measures to appease the locals, without actually upsetting the flow of money. No different from Gregor's planned occupancy tax, it's so hard to monitor and easy to evade it's pointless.
Of all the things we've read about how foreign money is 'legally' brought, all the elaborate involvement of the supposedly regulated governing bodies, banks, brokers, etc etc, you think these new extreme regulations will produce any actual stumbling blocks to would be buyers?
If/when these are regulations are easily sidestepped and cash from this tax is not as much as anticipated, the gov can say 'see we told you all that foreign buyers were such a small and insignificant percentage...'