There should soon be more mechanisms to control land speculation by imposing taxes
08:58 | 31/08/2024
The sudden high auction price of land can create a trend of land speculation. In order for land auctions to be transparent and increase revenue for the budget, the State needs to soon have more mechanisms to control speculative activities by imposing taxes, targeting those who accumulate and speculate instead of those who buy real estate for living purposes or organizing production and business, the factor of accumulated assets will decrease.