News

China Faces Difficulty Extending Pilot Property Tax -Senior Official

News:

  • Qin Hong, a deputy director at the housing ministry said that China will have a difficult time expanding a pilot property tax across the nation
  • China started a property tax on a pilot basis as part of efforts to rein in speculation and housing inflation
  • Many properties are exempted from the tax and in the face of significant public resistance, raising questions about the effectiveness of the new tax
Quotes:
  • "The property tax involves different parts of the society and has a complex impact on public interests, and that, along with the lack of a tax collection regime and the high cost of doing it, make it very hard to expand the tax nationwide," Qin Hong

Recommend: Forex News
 
China Apr Nbs Non-Mfg Pmi* Decrease to 54.0 Vs Prev 55.10
2017-04-30 01:00:00 UTC+00 19 hours, 35 min. ago  
Views today: 777 
China Apr Nbs Manufacturing Pmi* Decrease to 51.2 (fcast 51.6 )...
2017-04-30 01:00:00 UTC+00 19 hours, 35 min. ago  
Views today: 744 

Support and resistance levels

EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
Apr 30 at 20:35 UTC