 | Mish - Global Economic Analysis |
Paris to Tax Empty Offices at 20-40 of Rental Value; Price Crash On the Way  |
| The ideas from France get nuttier and nuttier as time goes by. Via translation from Les Echos, please consider Paris Will Tax Empty Offices.
The Paris City Council approved Tuesday a tax on commercial vacant properties. The main objective according to city planners is to encourage the conversion of empty offices into housing, not to "create a new tax". The city plans to tax owners of vacant commercial premises at 20% of the rental value of the first year, 30% the second, 40% the third year, frWednesday, July 9, 2014 |
