Reformation taxes real estate in China
In China, the Head office of the Standing committee of the National Popular Assembly, the organ supême legislative Chinese, announced on Sunday in an official statement that the country is going to accelerate the experimental reform of the real estate tax and to apply it gradually on a national scale. This new taxation is expected for a long time in the municipalities of Shanghai and Chongqing, within the framework of the new measures "to calm" a real estate market subject to the inflation. The Prime Minister Wen Jiabao asserted: " we have to contain the excessive growth of the prices of housing and maintain this one at a reasonable level ". |
