They left it to governors to choose them, and allow anyone to invest in them. And for existing property owners within those areas, eh, there is no tax event un

They left it to governors to choose them, and allow anyone to invest in them. And for existing property owners within those areas, eh, there is no tax event until a property is sold, unless somehow using mark to market accounting for real estate. Now they’re deferring the tax event for 10 years. Wealthy were always going to benefit from this obviously? Many countries have free trade zones with similar characteristics. The whole point is to increase transactions themselves, if your country can only gain consensus by selling something as “poor people, jobs numbers” that has nothing to do with what’s written in the law and the utility of what’s written.