Mise
isle of lucy
I guess it depends whether you count "The Netherlands" as a plural, but otherwise it's just USA/UAE and then a whole bunch of islands isn't it?Now that I think about it, there are very few country names that are plural.
I guess it depends whether you count "The Netherlands" as a plural, but otherwise it's just USA/UAE and then a whole bunch of islands isn't it?Now that I think about it, there are very few country names that are plural.
Don't we have enough of those ?I am tempted to start producing blatantly incorrect "ethnic composition of country X" pie graphs that include ethnic groups that shouldn't be there at all.
warpus said:that include ethnic groups that shouldn't be there at all.
warpus said:blatantly incorrect "ethnic composition of country X" pie graphs
Good of you 'strayans who do not cave in and surrender to Communism.
Maybe that's the real reason why all 'stralians buy property in Bali?![]()
What about the tax system massively favours real estate investment?It's also at least one contributing reason why we have some of the world's most unaffordable housing. Everyone wants to buy, everyone wants to rent to suckers with no rights. The tax system also massively favours real estate investment.
What about the tax system massively favours real estate investment?
We have the same laws in the UK btw. We do not have room to expand. Well, we do, but rampant NIMBYism prevents that... The "free market" solution might be to allow local governments a share of any tax revenue from increasing population (more than simply extra council tax, as this rarely covers the extra cost of provisioning public services - hence the extra grants and top-ups provided by central government). I think this would be preferable anyway as it creates the right incentives to maintain a balance between existing residents/taxpayers and potential new residents.
I see, that's the same as in the UK. I don't think it's unfair though, as the interest is a real accounting cost. If you were to set up a company by taking out a bank loan, then the cost of the loan is a real actual cost of operating the business. You only pay tax on profits, so if your revenues don't exceed this cost (and any other costs) then you don't pay any taxes.
At the very least it's no more unfair than the tax treatment of debt in all other industries. That may or may not be unfair, but the thing it's unfair to is just equity financing.