Can a Tobin tax curb speculation in the housing market? A study on the effect in the primary market of Hong Kong tax policy

• Main Author: DANG, Dinh Tuan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: Special Stamp Duty; Buyer's Stamp Duty; Transaction tax; tobin tax; hong kong; property; SSD; BSD; Real Estate; Taxation
• Online Access: https://ink.library.smu.edu.sg/etd_coll/617; https://ink.library.smu.edu.sg/context/etd_coll/article/1615/viewcontent/GPGM_AY2019_PhD_DANG_DINH_TUAN.pdf
• Institution: Singapore Management University

This study examines the effect of Special Stamp Duty (SSD) and Buyer's Stamp Duty (BSD) on Hong Kong’s housing prices in the primary market. Using micro transaction data, I show that the Tobin tax policies were not effective in cooling the primary market. The primary market responded differentl...