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Beijing Sends Another Signal That Property Tax Reform Is on the Agenda

2021年05月12日 20:08 来源于 财新网
Gaggle of departments hold seminar to discuss plans for housing levy with local governments, some of whom have long been wary of such reform
China does not have a national property tax levied on property ownership, which could generate billions of yuan in revenue for local governments. Photo: VCG

China has sent a clear signal about its plans to push forward with a long-awaited property tax, as equally long-standing concerns about market speculation come to the fore again amid price increases and local governments seek more revenue sources.

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