This property has since become one of the world's «premier destination [s] for wealthy foreigners with rubles, yuan, and dollars to hide,» largely due to the tax breaks it receives: the anonymous purchaser of a $ 100 million duplex in that building will need to pay a property tax bill with «an effective rate of 0.017 percent of its sales price.» (politico.com)
Russian President Vladimir Putin last year teased David Cameron about the influx of wealthy foreigners into London. (dailymail.co.uk)
Is the idea now to make Manhattan Island one huge pied - à - terre for wealthy foreigners? (downtownexpress.com)