Agarwal, Sumit; Chau, K.W; Hu, Maggie; Wan, Wayne Xinwei - 2022
Hong Kong introduced a Tobin property tax—the Special Stamp Duty (SSD) Policy—in 2010, which substantially increased the selling costs of short-term property holders. This study examines the effectiveness of this Tobin property tax in curbing speculation and cooling down the market. We find...