Chinese oligarch sues city of Vancouver over $200,000 "Empty Homes Tax"
In recent years, Chinese oligarchs have been buying up vast swaths of Vancouver real estate as a way to park their money. They often don't set foot in the luxury townhouses they buy, which has led the Vancouver city government to issue a 1% Empty Homes Tax. A Chinese woman named He Yiju, who is married to a "top politician in China's rubber-stamp parliament" according to CNN, owns a $200 million waterfront mansion and is suing the city to avoid paying the $200,000 tax bill.
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