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, 3 months, 3 weeks, 4 days, 4 hours, 51 min. ago
Recommend: Forex News
Croatia Aug Consumer Prices Fall For Seventh Month
2014-09-16 11:21:00 UTC+00 4 hours, 4 min. ago  
Views today: 696 
Euro Little Changed Following German ZEW Economic Sentiment...
2014-09-16 09:05:00 UTC+00 6 hours, 20 min. ago  
Views today: 668 
U.K. Inflation, German Economic Sentiment Due On Tuesday
2014-09-16 04:20:00 UTC+00 11 hours, 5 min. ago  
Views today: 736 
Czech PPI Unchanged In Aug; In Line With Forecast
2014-09-16 07:30:00 UTC+00 7 hours, 55 min. ago  
Views today: 646 
Boj Gov Kuroda: Employment and Income Situation Has continued...
2014-09-16 05:37:00 UTC+00 9 hours, 48 min. ago  
Views today: 682 

« Back to list

Sep 16 at 15:25 UTC