Taiwan's government is trying to tackle the country's housing shortage with new tax laws that make it more expensive to own empty properties.
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00:00 A new law raises tax levels for people in Taiwan who own vacant residential properties.
00:06 An amendment passed Tuesday is part of the government's efforts to curb speculation in
00:11 the local property market.
00:12 Residential property tax will go up from 2 percent to 4.8 percent for people who have
00:17 multiple houses but do not live in them.
00:20 The move aims to ease housing shortages by pushing owners to put vacant homes up for
00:24 rent.
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