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, 2 months, 5 days, 13 hours, 46 min. ago
Recommend: Forex News
U.K. House Price Growth Slows In June
2014-07-28 09:14:00 UTC+00 5 hours, 6 min. ago  
Views today: 677 
NZ Dollar Off Early Lows Against Majors
2014-07-28 11:24:00 UTC+00 2 hours, 56 min. ago  
Views today: 660 
NZ Dollar Slides To 1-1/2-month Low Against U.S. Dollar
2014-07-28 04:33:00 UTC+00 9 hours, 47 min. ago  
Views today: 726 
Finland Consumer Confidence At 6-month High In July
2014-07-28 06:39:00 UTC+00 7 hours, 41 min. ago  
Views today: 630 
Slovakia Producer Prices Decline Further
2014-07-28 07:48:00 UTC+00 6 hours, 32 min. ago  
Views today: 676 

« Back to list

Jul 28 at 14:20 UTC