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Covid tax cuts have reduced tourist taxes worldwide by just 1% - pressure on governments to do more to help

Extension to tax cuts “will almost certainly be needed” as Covid restrictions continue
Only four of 25 countries in study have reduced taxes to help tourism industry

Taxes on buying a home now averaging nearly 5% worldwide – with some economies charging over 10%

Spain, Belgium and Japan all tax more than 10% on house purchases
Pressure to increase property taxes to address costs of coronavirus
Homebuyers in the US pay virtually zero tax