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State government where I live floated a change to land taxation. Previously, any property beyond your home was subject to a tax. Developers got around this by h
by prawn 5y ago
State government where I live floated a change to land taxation. Previously, any property beyond your home was subject to a tax. Developers got around this by having each development owned by a different entity. The state government intended to change this so that your ownership of a sub-entity counted - if you owned a trust that owned property, that counted against you.
Developers were aggressively vocal in lobbying against this. Every excuse in the book. Not sure if it ever got through, but the developers shut up about it so maybe they won.