For years, some policy advisers have advocated the use of property tax as a mechanism to cool down the real estate market. Part of the rationale is that a greater amount of supply would help drive down the market price. But would it? Jennifer Weng, Tracy Zhang and Jean Jin Li examine the impact that tax will have on the property market in China.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year