Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more 禄Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
City-born architect lists inspiration behind his designs in a new book
Digitization helps preserve, disseminate intangible cultural heritage
Sunday
- Subscribe
Home 禄 Opinion 禄 Press Notes
Big burden seen in 'irrational' property tax
Source: Xinhua |
December 5, 2012, Wednesday
|
Print Edition
Print Edition
THE Chinese Academy of Social Sciences has suggested a tax levy on urban dwellers who have a living space of scarcely more than 40 square meters. This suggestion in a recent report has triggered a public outcry that the idea is irrational.
The State Administration of Taxation in September announced China will expand its pilot property tax reform beyond Shanghai and Chongqing to further cool rising housing prices.
Last year the two cities started raising taxes on those with multiple homes to penalize and discourage speculators. In keeping with this trend, the academy advocates stricter rules but has angered the public, especially those who are struggling to pay off mortgages for their one and only house.
In an online survey, nearly 60 percent of the surveyed opposed the proposed tax, saying it would be an overwhelming burden.
If the "40-square-meter levy" comes true, the nation will not only grab money from the rich and the speculators, but also from ordinary people, for the proposal would even require someone with only one apartment to contribute to tax revenues.
The academy must consider why its suggestion has generated so much ire. Have those academicians conducted serious market research before coming up with their proposal?
The State Administration of Taxation in September announced China will expand its pilot property tax reform beyond Shanghai and Chongqing to further cool rising housing prices.
Last year the two cities started raising taxes on those with multiple homes to penalize and discourage speculators. In keeping with this trend, the academy advocates stricter rules but has angered the public, especially those who are struggling to pay off mortgages for their one and only house.
In an online survey, nearly 60 percent of the surveyed opposed the proposed tax, saying it would be an overwhelming burden.
If the "40-square-meter levy" comes true, the nation will not only grab money from the rich and the speculators, but also from ordinary people, for the proposal would even require someone with only one apartment to contribute to tax revenues.
The academy must consider why its suggestion has generated so much ire. Have those academicians conducted serious market research before coming up with their proposal?
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
