Proposed Saudi land tax could generate up to $11 bn annually to lower urban real‑estate prices

Proposed Saudi land tax could generate up to $11 bn annually to lower urban real‑estate prices The passage outlines a policy proposal and revenue estimates but does not name specific high‑profile individuals or expose misconduct. It offers limited investigative value beyond confirming the existence of a land‑tax plan and its projected fiscal impact. Key insights: Saudi government plans a land tax on undeveloped urban land, slated to take effect end‑2016.; Estimated annual revenue of up to US$11 bn from the five largest cities.; Tax could be used to improve housing affordability and reduce social tension.