Recent development of real estate tax on residential properties in China
International Tax Journal
There were concerns over government policies to control real estate prices. Investors worried about the impact of the introduction of a real estate tax restricting investment in the property sector and the corresponding effect on the banking industry. Critics also said that the introduction of real estate tax would increase the cost of holding properties. However, commentators argued that the proposed regulation on real estate tax is not an additional levy but a restructuring of current system of taxes and levies.
Pheny, M., & Wong, P. W. Y. (2011). Recent development of real estate tax on residential properties in China. International Tax Journal, 37(1), 51-59.