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China Real-Estate Tax Unlikely - Expert

CHINA PRESS

Authorities are unlikely to implement a property tax “for a long time” given a lack of consensus on the way forward, according to Lv Bingyang, executive director at the Institute of Finance and Taxation at Renmin University. Officials nationwide have suspended real-estate tax pilot programmes given the sluggish real-estate market, Lv added. However, other experts said property taxation remains a major long-term strategy, Yicai noted. China needs to optimise the distribution of value-added and corporate income tax between central and local governments, Lv said.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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