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​China May Implement Property Taxes: Former Minister


China's policymakers may soon Implement property taxes to meet revenue needs, former Minister of Finance Lou Jiwei said during an interview with media outlet Caixin. Lou, interpreting an October 2020 directive from the Fifth Plenum of the Chinese Communist Party, said top decision makers have called for the raising of direct taxes, and since corporate and individual tax rates have little room to increase, the only option is to implement property taxes.

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