Real estate tax has not been put on the legislation agenda for this year, with Beijing warned to exercise caution because it has the potential to impact a wide range of industries and households, as well as the country’s financial and social stability. Photo: AFP Real estate tax has not been put on the legislation agenda for this year, with Beijing warned to exercise caution because it has the potential to impact a wide range of industries and households, as well as the country’s financial and social stability. Photo: AFP
Real estate tax has not been put on the legislation agenda for this year, with Beijing warned to exercise caution because it has the potential to impact a wide range of industries and households, as well as the country’s financial and social stability. Photo: AFP
China economy

China urged to push ahead with controversial property tax as ‘inevitable’ solution to local debt crisis

  • Proposed taxation on property owners, which will eventually cover ordinary Chinese households, has received strong opposition for the past decade
  • A pilot programme in Chongqing and Shanghai mainly target villas and high-end property owners, but could be expanded to include the likes of Shenzhen and Hainan

Topic |   China economy
Real estate tax has not been put on the legislation agenda for this year, with Beijing warned to exercise caution because it has the potential to impact a wide range of industries and households, as well as the country’s financial and social stability. Photo: AFP Real estate tax has not been put on the legislation agenda for this year, with Beijing warned to exercise caution because it has the potential to impact a wide range of industries and households, as well as the country’s financial and social stability. Photo: AFP
Real estate tax has not been put on the legislation agenda for this year, with Beijing warned to exercise caution because it has the potential to impact a wide range of industries and households, as well as the country’s financial and social stability. Photo: AFP
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