Carole James refuses to budge amid renewed debate on speculation tax
News that nearly two-thirds of homeowners subject to B.C.’s new speculation tax will be British Columbians has sparked a fresh debate about the fairness and consequences of taxing assets and investments in a housing crisis.
Finance Minister Carole James didn’t budge Thursday when asked if the tax is, in fact, unintentionally going to impact mainly British Columbians with multiple homes rather than foreign owners who do not pay local income taxes. On Wednesday, James said about 20,000
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