Sunday, January 31, 2010

China to tax 20% of landvalue on idle land

China to tax 20% of landvalue on idle land

Basically, certain provinces in China now propose to tax 20% tax on the land value of land that has been idled by developers. As the land value rises, further tax which is the different of the 20% of the then land value and the tax already paid will also be levied. Perhaps a comrpomised version of LVT ? Only tax unproductive land? Alternative source: http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Fwww.zaobao.com%2Fzg%2Fzg100131_003.shtml&sl=zh-CN&tl=en

Posted by easybetman @ 09:14 AM (432 views)
Please complete the required fields.



6 thoughts on “China to tax 20% of landvalue on idle land

  • mark wadsworth says:

    It’s not perfect, but it’s a good start.

    Reply
    Please complete the required fields.



  • I agree, but careful Mark some people have expressed boredom with all this LVT talk :]

    Reply
    Please complete the required fields.



  • Money supply in China has been growing by 30%, India by 20% pa.
    There were no taxes on property appreciation hence the property bubble in China which dwafs the property bubble in UK.

    I can’t assert enough the look towards the east for growth is a falacy and smoken mirrors.
    They feed themselves by providing for west, No western markets no growth in east.

    Reply
    Please complete the required fields.



  • deepak – Europe + US + Japan = about half of world GDP. India + China GDP = Europe GDP = US GDP.

    All developing/emerging markets together = 50% of world GDP (and growing). One strategy of Chinese companies is to target emerging markets, build strength there and go on from there. So I don’t think it’s as cut-and-dried as you make out.

    Reply
    Please complete the required fields.



  • should say that’s on a purchasing power parity (ppp) basis

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>