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China to draft bill for game-changing property tax

Published Wed, Mar 7, 2018 · 09:50 PM

Sydney

CHINA said a bill for a property tax is being drafted, moving a step closer to a levy that could help tame runaway home prices.

Officials are working on the measure, Vice-Finance Minister Shi Yaobin said at a Wednesday briefing in Beijing during the annual meeting of the National People's Congress (NPC).

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