“If the current policy not enough to bring up the issue repeatedly cure rates, does not exclude property tax or property tax introduced in due course in order to achieve political control of China to the regulation of real estate tax regulation.” Bo-Cheng Yin, director of Fudan University Real Estate Center Professor.

Local property taxes will

A stable revenue

“The local governments on property tax reform to promote the attitude of fact than the implementation of the ‘4 * 14 ‘New Deal to be much more positive.” In the Chinese Academy of Social Sciences Institute of Finance and Trade Economics, deputy director of the Aim of it, this is mainly related to local Government’s financial interests.

And land finance one-time generate substantial revenue for the local government is different is that property tax is part of the property holding tax on local governments is more sustained and stable tax revenues.