{"id":122960,"date":"2021-11-02T10:30:18","date_gmt":"2021-11-02T03:30:18","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-chinas-proposed-property-tax-be-big-enough-to-support-struggling-local-governments\/"},"modified":"2021-11-02T11:03:06","modified_gmt":"2021-11-02T04:03:06","slug":"will-chinas-proposed-property-tax-be-big-enough-to-support-struggling-local-governments","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-chinas-proposed-property-tax-be-big-enough-to-support-struggling-local-governments\/","title":{"rendered":"Will China\u2019s proposed property tax be big enough to support struggling local governments?"},"content":{"rendered":"


\nChina\u2019s planned property tax reforms could lift revenues for local governments but would not be sufficient enough to support them unless a large tax is imposed nationwide, according to analysts.To effectively stabilise local fiscal conditions, Zhang Yu, an assistant professor with Peking University\u2019s Guanghua School of Management, estimated that the tax rate needs to be either 0.5 per cent nationwide, or 2.5 per cent with an exemption for those who own one home.But while either of those tax\u2026
\n
\nSource : South China Morning Post
\nRead more…Will China\u2019s proposed property tax be big enough to support struggling local governments?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s planned property tax reforms could lift revenues for local governments but would not be...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122960","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vZe","jetpack-related-posts":[{"id":129159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-lack-of-a-property-tax-left-china-open-to-a-housing-bubble\/","url_meta":{"origin":122960,"position":0},"title":"How lack of a property tax left China open to a housing bubble","date":"August 28, 2022","format":false,"excerpt":"\r Local governments\u2019 reliance on a hot property market to sell land and cheap, available credit have been blamed for the bubble, but other factors have been at play. Even a property tax as low as 0.5 to 1 per cent could have helped prevent the bubble that is disrupting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-tax-concerns-for-chinas-homeowners-buyers-amid-xi-jinpings-common-prosperity-drive\/","url_meta":{"origin":122960,"position":1},"title":"Property tax concerns for China\u2019s homeowners, buyers amid Xi Jinping\u2019s common prosperity drive","date":"November 23, 2021","format":false,"excerpt":"\r This is the first in a three part series looking at the potential impact of China\u2019s proposed property tax law.Timing, we are told, is everything. The success of something is often related to when it happens.And after China announced plans to roll out a nationwide property tax to help\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146703,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-tech-hub-shenzhen-prime-for-property-tax-trial-at-critical-moment-top-adviser\/","url_meta":{"origin":122960,"position":2},"title":"China\u2019s tech hub Shenzhen prime for property tax trial at \u2018critical moment\u2019: top adviser","date":"August 23, 2024","format":false,"excerpt":"\r Yin Zhongli, a senior real estate finance expert advising China\u2019s cabinet, says expanding the trial would bring a new source of revenue for local governments\r \r Source : South China Morning Post\r Read more...China\u2019s tech hub Shenzhen prime for property tax trial at \u2018critical moment\u2019: top adviser","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104895,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-sounds-a-clarion-call-for-a-property-tax-causing-real-estate-stocks-to-slump-even-if-the-legal-basis-for-the-tax-is-years-away\/","url_meta":{"origin":122960,"position":3},"title":"China sounds a clarion call for a property tax, causing real estate stocks to slump, even if the legal basis for the tax is years away","date":"March 11, 2019","format":false,"excerpt":"\r A clarion call by China\u2019s legislature to implement a tax on the nation\u2019s property holdings scared investors into dumping real estate developers\u2019 shares, even if the legal foundation for enacting a nationwide levy is at least five years away.The Shanghai Property Index, which tracks 25 real estate developers on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-local-governments-offer-lifeline-for-builders-facing-a-squeeze-in-home-sales-as-coronavirus-spreads\/","url_meta":{"origin":122960,"position":4},"title":"China\u2019s local governments offer lifeline for builders facing a squeeze in home sales as coronavirus spreads","date":"February 18, 2020","format":false,"excerpt":"\r China\u2019s local governments are racing to rescue home builders as the coronavirus outbreak threatens to squeeze sales and liquidity in an industry that has become a powerful engine of growth for the economy.The authorities in Wuxi in the eastern province of Jiangsu unveiled 17 measures on February 12 to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-plan-for-a-tax-on-property-takes-an-unexpected-twist-thanks-to-the-trade-war\/","url_meta":{"origin":122960,"position":5},"title":"China\u2019s plan for a tax on property takes an unexpected twist thanks to the trade war","date":"May 15, 2019","format":false,"excerpt":"\r Beijing\u2019s 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 \u201cconditions are not ready\u201d for rolling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122960"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122960"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122960\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}