Property News · May 15, 2019

China’s plan for a tax on property takes an unexpected twist thanks to the trade war


Beijing’s plan to unveil a nationwide property tax could become a casualty of the escalating US-China trade war, as efforts to push ahead with draft legislation on the new levy appear to be temporarily on hold.Rising uncertainty in the international environment means that “conditions are not ready” for rolling out a property tax law, Zhang Yiqun, an official with China Law Society, a policy institute under China’s Ministry of Finance, told the Securities Daily in a report on Wednesday.“An…

Source : South China Morning Post
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