China's property tax may be extended

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/reuters

China plans further expansion of its real estate tax initiative to larger number of cities after it assessed the results of test launch in Shanghai and Chongqing, reported Ministry of Finance. Since January Shanghai had a property tax of 0.6% and 0.4% depending on the house price causing a decrease in real estate prices and higher tax contribution to the region's tax revenue. Officials consider the measure proved to be viable and plan to it expand it further.

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Fri, 09 Dec 2011 07:03:21 GMT

Dollar climbs on failure of the EU summit

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Fri, 09 Dec 2011 06:59:57 GMT

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