22 July 2018

Expert calls for priority for housing land tax reform, paper say

China should reform housing and industrial land taxes before individual property tax, China Securities Journal reported Tuesday, citing Jia Kang, director of the Research Institute for Fiscal Science of the Ministry of Finance. Legislation and reform of property tax do not contradict ongoing tax trials and can be undertaken at the same time. The reform should include energy prices, tax information and administration, land allocation and financing, Jia was quoted as saying.

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