Re: LVT in China



On Thu, 25 Oct 2007 09:27:34 -0500, "Mark M." <markm@xxxxxxxxx> wrote:

Property tax may go into effect next year
China Daily - China
..."The tax can reduce (the number of) idle properties and will be a
stable income resource for the government," Fan said...The proposed
property tax is expected to convert this tax levy into annualized tax,
which will ideally slash housing prices...
<http://www.chinadaily.com.cn/china/2007-10/15/content_6175818.htm>

I doubt this will actually happen (landholder-privilege corruption is
already very deeply rooted in China), but if it does, China is the
next economic superpower, guaranteed.

-- Roy L
.



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