China plans to slash homebuying taxes in fiscal stimulus
- Posted on November 12, 2024
- By Business News Today
- 2 Views
China plans to slash homebuying taxes in fiscal stimulus
China is considering significant tax cuts on home purchases to revitalize its struggling housing market. The proposed plan would allow major cities like Beijing and Shanghai to slash deed taxes to as low as 1%, potentially eliminating the distinction between ordinary and luxury homes.
