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Nationwide property tax could be enacted in China in 2017, say top legislators

Chinese HNWIs’ favourite asset class is set to take a hit as the nation’s top parliamentary body mulls over a property tax law. China’s Standing Committee of the National People’s Congress (NPC) said yesterday in a statement that “conditions to enact these laws are ripe” and that the latest NPC body plans to review them before its tenure ends in…

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