Hou Weighs in on China's Property Tax Expansion in Financial Times

October 25, 2021

Financial Times

Yilin Hou

Public Administration & International Affairs Department

Center for Policy Research

China

International Affairs

Taxation

Financial Times

Yilin Hou

China’s State Council will expand pilot schemes to tax residential and commercial property in cities. The plan, approved by the National People’s Congress Standing Committee, China’s top legislative body, is designed to guide rational property buying and will last for five years. Yilin Hou, professor of public administration and international affairs, says the tax base should be "as broad as possible” but with relief measures for economically vulnerable people. "If the tax is efficient and equitable, adequate and transparent, then it will be much easier to levy, collect and enforce. In this way, the tax will...also be politically acceptable," Hou adds. Read more in the Financial Times article, "China expands property tax trials in next step of ‘common prosperity’ drive."