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

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

Published: 2011-05-24 04:34:00 UTC+00 2 years, 10 months, 3 weeks, 4 days, 7 hours, 5 min. ago
 
Recommend: Forex News
 
Yuan Climbs To 2-day High Against U.S Dollar
2014-04-17 05:18:00 UTC+00 10 hours, 21 min. ago  
Views today: 1802 
BoJ Ready To Adjust Policy When Needed, Says Kuroda
2014-04-17 05:28:00 UTC+00 10 hours, 11 min. ago  
Views today: 1706 
Malaysian Ringgit Off Early 6-day High Against U.S Dollar
2014-04-17 05:39:00 UTC+00 10 hours ago  
Views today: 1009 
German March Producer Prices Fall More Than Expected
2014-04-17 06:34:00 UTC+00 9 hours, 5 min. ago  
Views today: 778 
Europe Car Sales Rise For Seventh Month: ACEA
2014-04-17 06:21:00 UTC+00 9 hours, 18 min. ago  
Views today: 823 

« Back to list

EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
Apr 17 at 15:39 UTC