Viewing a single comment thread. View all comments

bikesexually t1_ixoz7jj wrote

Reply to comment by EasterBunnyArt in Amazon Faces Black Friday Protests, Strikes in 40 Countries by nacorom

The easier and better solution is to have a progressive property tax rate. 1-2 house you pay normal rates. 3-5 houses you pay 5% more. 6-10 houses you pay 10% more. Etc. Those will reduce the number of massive holdings/hoardings and slum lords while increasing available funds for the locality.

9

demmian t1_ixpaidy wrote

Won't that be avoided through nested companies, that each hold just 1 property?

8

EasterBunnyArt t1_ixpwzm6 wrote

Exactly, which is what is happening already. You need to remove tax breaks from nested companies and apply them to all if they are under an umbrella. I recall last year or so Germany had a report on one company having like 50 nested companies.

5