China revives efforts to roll out property tax to rein in runaway home prices, after two-year silence

Source: South China Morning PostChinese policymakers have revived efforts to roll out a much-anticipated property tax as part of a drive to tame soaring home prices which are beyond the affordability of the young generation.The Ministry of Finance said it had attended a high-level meeting with the Budget Commission of the Standing Committee of the National People’s Congress, the Housing Ministry and the State Taxation Administration to solicit opinions from city representatives, experts and scholars on a pilot scheme for…Read More

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