China’s capital could be the next major testing ground for a national property tax, putting the central government at risk of vocal criticism close to home that underscores its determination to roll out an unpopular fiscal plan that has been a decade in the making.
Premier Wen Jiabao’s opening address last week to the largely rubber-stamp annual meeting of parliament, the National People’s Congress (NPC), made it crystal clear that the leadership will push ahead with property tax reform………………………………………..Full Article: Source