GgoogleGB first seen 2 d ago, last 1 d ago, peak #4
Los Angeles mansion tax blamed for homes and jobs vanishing
Original: mansion tax
Los Angeles's so-called mansion tax, a levy on high-value property sales, is being described as a spectacular failure, with the New York Post reporting that thousands of homes and jobs have disappeared since it took effect. Critics say the tax has discouraged transactions in the luxury market rather than raising expected revenue, while supporters argue it funds homelessness services.
Why now: The UK's own mansion tax debate is drawing attention to claims that similar measures backfired in Los Angeles.
Los AngelesNew York Postmansion tax
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