Survey on Luxury Tax

Survey on Luxury Tax

Source: China Times

March 8, 2011

1.     Do you think that housing prices are high, low or normal?

Extremely high	47.5%
High	21.4%
Normal	11.3%
Low	0.6%
Cheap/Very low	0.7%
No opinion	18.5%

2.     Can you afford to buy your ideal dwelling?

Yes	11.4%
No	77.7%
No need to buy a dwelling	7.2%
No opinion	3.7%

3.     The government is planning to impose up to a 15% tax based on the real purchase price on those who flip housing/properties not for self-use, business offices, lots used for construction, and storefronts within two years. Do you support this policy?

Yes	58.8%
No	18.8%
No opinion	22.4%

4.     Once the government imposes the luxury tax, do you think that housing prices will rise, remain stable or decline?

Rise	15.2%
Stable/no change/no decline	26.6%
Decline	32.9%
No opinion	25.3%

5.     How much do you think housing prices will decline?

Over 10 percent	13.3%
10 to 20 percent	33.8%
20 to 30 percent	17.5%
30 to 40 percent	6.2%
40 to 50 percent	2.1%
Over 50 percent	1.5%
No opinion	25.6%

6.     The government plans to impose a 10% tax on those who purchase passenger vehicles, yachts, or private aircraft worth more than NT$ 3 million and on those who buy an exclusive club or golf club membership worth more than NT$ 500,000.  Do you support this policy?

Yes	56.2%
No	13.9%
No opinion	29.9%

Note: The latest poll was conducted on March 5, with 897 people surveyed. The margin of error associated with this sample is plus or minus 3.3 % .

Attachment : none