Caixin OnlineOpinionEditorial Time to Follow Through on Property Tax
08.29.2012 17:19

Time to Follow Through on Property Tax

The framework for reform has been in place for years, and the country is ready for a more democratic financial system

A slip-up over the introduction of a property tax has renewed public debate on this critical issue. Last week, the Ministry of Land and Resources said on its website that the government was planning to collect property taxes in Hunan and Hubei, but the statement was removed a day later, and provincial officials quickly denied there was such a plan. Nevertheless, the speculation on an expansion of the property tax pilot scheme continued unabated.

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