Leung, Charles Ka Yui; Leung, Tommy Tin Cheuk; Tsang, … - Volkswirtschaftliche Fakultät, … - 2014
We study the implications of property market transaction tax. As property buyers are obligated to pay a transaction tax (“stamp duty”, or SD) where the rate increases with the value of the transaction, there are incentives to trade at or just below the cutoff points of the tax schedule....