Housing deficit and hidden taxes
We share the op-ed of our partner Sergio Quesney Swinburn, published by Diario Financiero, a specialized news outlet, and titled “Housing deficit and hidden taxes”.
In recent years, he comments, there has been a disorderly and inorganic proliferation of norms, laws and decrees seeking to limit development, expansion, and urban density. There has also been a growing participation of different public agencies and institutions intervening and paralyzing works.
In this context, he says, “the legislator does little to solve the housing deficit in Chile. It aggravates it by applying VAT on (habitual) sales, making construction more expensive with unbearable and unaffordable permits, abolishing the special credit for construction companies and adding hidden taxes such as the Law on Contribution to Public Space”.