China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality. Illustration: Lau Ka-kuen
China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality. Illustration: Lau Ka-kuen

Property tax concerns for China’s homeowners, buyers amid Xi Jinping’s common prosperity drive

  • China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality
  • After a five year pilot programme, both residential and non-residential properties will taxed based on their values, but rural households will be excluded

Topic |   China property
China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality. Illustration: Lau Ka-kuen
China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality. Illustration: Lau Ka-kuen
READ FULL ARTICLE