Properties Can Be a Way to Tax Wealth in the AL, Says World Bank

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Taxation on properties can be a simpler and more effective way to tax wealth in Latin America and increase collection than to focus on financial assets. If in the average of Latin America and the Caribbean the properties correspond, on average, to 80% of the wealth of households, this percentage is much lower and other countries, especially in the advanced ones. Even among the richest 10% of the population this profile of concentration of the we…