Implementation of property tax should be smart by Liu Shangxi published by China Daily (2021).
“Property tax contributes a small share of government revenue in countries all over the world. Foreign practices notwithstanding, and given the current or even future situation in China, property tax is also unlikely to become a major fiscal revenue resource in China.
However, property tax is important in their own right. Property tax often guiding discussions these days typically targets residential real estate. To some extent, this is a completely new type of tax category in China, and something that has never been implemented before…”
