Australia Hates Foreigners – Now Their Property Taxes Are Doubled if you are Not Australian

Source: www.brotherjohnf.com --- Monday, August 07, 2017
armstrongeconomics.com / by Martin Armstrong / Aug 7, 2017 New South Wales in Australia has doubled property taxes for foreign real estate buyers. Of course this violates international law, but governments are broke and they are doing their best to destroy the world economy from every which directions. The politicians are responding to Australians who see foreign buyers of property causing a real estate boom. Much like Britain who raised taxes to stop the real estate boom in London, the greatest problem with all these laws is rather simple. ALL LAWS ENACTED should automatically expire within 4 years. The patch work of draconian laws as Australia have been installing will isolate the economy and do far more harm than anyone suspects. The Japanese bought all sorts of property in the USA during their boom days. They then turned and sold it at a loss. READ MORE The post Australia Hates Foreigners – Now Their Property Taxes Are Doubled if you are Not Australian appeared first on Silver For The People . ...

from Australia http://ift.tt/2uztFn4