(AFX UK Focus) 2010-06-22 01:32 China state think tank makes case for property tax

Posted by property | Posted in Real Estate | Posted on 22-06-2010-05-2008

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(AFX UK Focus) 2010-06-22 01:32 China state think tank makes case for property tax
BEIJING, June 22 (Reuters) – China should launch a property tax to cool the housing market, which remains dangerously over-priced, a state think tank said in a report published on Tuesday. Without a property tax, local governments would be reluctant to address potential property bubbles because of their reliance on revenue from land sales, a research team with the State Information Centre, a …
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