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States to take some of the profits from sales of rezoned land

A PROPOSAL to introduce a ‘fair’ charging mechanism to recover some of the vast profits generated by the sale of rezoned land for development has been approved by the States Assembly.But Housing Minister David Warr has warned that the new legisla.

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Ministers back call for windfall charge

A FRESH attempt to introduce a windfall tax on the vast profits generated from the sale of land rezoned for development has been ‘broadly’ supported by the government.The Council of Ministers has lodged an amendment to a proposition put forward b.

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