theguyfromanotherforum Posted July 29, 2016 Share Posted July 29, 2016 I really do apologize about starting a thread about this, but something caught my eye in Canadian news today. Already there is a dual pricing system in Canada if you are a foreign student which I can "sort of" understand as schools are subsidized by the government. However, in the latest tax grab, the city of Vancouver decided (due to the popular belief that Chinese nationals are driving prices of real estate up which is completely false as Canadians themselves are outbidding eachother), is adding an additional property sales tax of 15% to foreign nationals only. Now, just imagine if Thailand introduced a 15% Farang tax on condo purchases and a 100,000 page revolt on Thai Visa. Surely, this would be considered racist? Just a food for thought about our "first world" countries. Link to comment Share on other sites More sharing options...
anotheruser Posted July 29, 2016 Share Posted July 29, 2016 (edited) Imagine if Thailand added 15% tax and let you freehold in your own name. No BS, no awkward nominees, no Thai people involed and 15% tax was levied. You would find many more people buying in Thailand and there would be another real estate bubble. Edited July 29, 2016 by anotheruser Link to comment Share on other sites More sharing options...
tifino Posted July 29, 2016 Share Posted July 29, 2016 Canada - if they didn't do it,the place gets overrun, and all the locals are priced out of the market there. Farangs in Thailand - are just a small zit, having no detrimental effect on the locals Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted July 29, 2016 Author Share Posted July 29, 2016 Canada - if they didn't do it,the place gets overrun, and all the locals are priced out of the market there. Farangs in Thailand - are just a small zit, having no detrimental effect on the locals So, having a dual pricing in a first world country is ok, but not in a "developing" country? Link to comment Share on other sites More sharing options...
tifino Posted July 29, 2016 Share Posted July 29, 2016 (edited) well no, it's more how the system reacts to the extent of the respective buy-ups, by people who aren't even going to live in the bought properties i.e. the Chinese investors whether that be Houses/mansions, Golf courses, Farms for Primary Production. Edited July 29, 2016 by tifino Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted July 29, 2016 Author Share Posted July 29, 2016 Sorry man, but if it wasn't for foreign money Canada would be third world. Regardless, there is already a land transfer tax and a property tax. The extra tax is a racist tax grab or some kind of a voter reward. Link to comment Share on other sites More sharing options...
CharlieH Posted July 29, 2016 Share Posted July 29, 2016 CLOSED General topicsA forum for general interest & discussion topics related to Thailand only Link to comment Share on other sites More sharing options...
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