China’s property tax plan is part of President Xi Jinping’s campaign to redistribute wealth and address widening social inequality, but some fear the rich will find a way to avoid paying their fair share. Illustration: Henry Wong
China’s property tax plan is part of President Xi Jinping’s campaign to redistribute wealth and address widening social inequality, but some fear the rich will find a way to avoid paying their fair share. Illustration: Henry Wong

China’s property tax causing sleepless nights for homeowners as Beijing walks the ‘tightrope’

  • 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
  • The plan will not be implemented straight away, with a five year pilot programme set to test the proposal before it is eventually rolled out across the country

China’s property tax plan is part of President Xi Jinping’s campaign to redistribute wealth and address widening social inequality, but some fear the rich will find a way to avoid paying their fair share. Illustration: Henry Wong
China’s property tax plan is part of President Xi Jinping’s campaign to redistribute wealth and address widening social inequality, but some fear the rich will find a way to avoid paying their fair share. Illustration: Henry Wong
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