- CNTV English - CCTV News

NDRC rules out property tax for 3 years

05-24-2010 16:10 BJT

Watch Video

Play Video

The National Development and Reform Commission has ruled out a real estate tax for at least three years. The top planning body also clarified that local governments do not have the jurisdiction to tweak taxation legislation.

The announcement comes amid widespread rumors that Shanghai was about to impose a property levy after the mainland's two stock markets fell to their lowest levels in more than a year. Senior officials from the NDRC denied that any specific policy is in the pipeline to enforce stricter new curbs on the housing market. But they said the NDRC is mapping out a medium- and long-term development plan for the real estate market.

Editor:Zhang Ning |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program