News: 2011-05-24 04:34:00 UTC+00

China Faces Difficulty Extending Pilot Property Tax -Senior Official


  • 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
  • "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

Published: 2011-05-24 04:34:00 UTC+00 3 years, 10 months, 1 week, 2 days, 13 hours, 53 min. ago
Recommend: Forex News
U.S. Manufacturing Index Falls More Than Expected In March
2015-04-01 14:14:00 UTC+00 8 hours, 13 min. ago  
Views today: 798 
Japan Vehicle Sales Decline In March
2015-04-01 07:14:00 UTC+00 15 hours, 13 min. ago  
Views today: 770 
Dollar Rises After ISM Manufacturing Index, Construction...
2015-04-01 14:05:00 UTC+00 8 hours, 22 min. ago  
Views today: 818 
Nzd/jpy Breaks Major Support 89, Decline Till 87.20 Is Possible
2015-04-01 09:35:00 UTC+00 12 hours, 52 min. ago  
Views today: 722 
Bot Monetary Policy to Stay Accommodative for the Rest of 2015
2015-04-01 05:44:00 UTC+00 16 hours, 43 min. ago  
Views today: 757 

« Back to list

Apr 1 at 22:27 UTC