Headline Scanner

TAX

Jia Kang: Tax Reform Should Not Stop with Threshold Adjustments

At the "2010 Accountant of the Year Ceremony," Jia Kang, director of the Institute of Fiscal Finance, warned against limiting tax reforms to threshold increases. He went on to say that reform measures should aim at determining the residents' "real income" in order to implement a more reasonable income tax.

Beijing News | 2010-12-20

PROPERTY

MOLAR Requires Land Kings to Report High-scale Real Estate Activity within 2 Wor...

The Ministry of Land and Resources (MOLAR) issued a notice last night requiring that the land resource departments of each city and province in China adopt strict measures to oversee and control the process of hoarding and other illegal land activities by real estate companies. The MOLAR has also required real estate companies to report sales with over a 50 percent premium rate or record high pric...

Xinhua News | 2010-12-20

DISASTER

Fire in Daofu Started by 6 Year-Old Playing with Matches

Xinhua News Agency learned from the Sichuan Government Information office that the prairie fire on December 5th in Daofu County, Sichuan Province was started by a six year old boy playing with matches. The fire claimed 22 lives. Legal action may be taken against the boy's parents.

Beijing News | 2010-12-20

HEALTH

Over 90% of Chinese Oppose the Use of Flour Brightener

An investigation conducted by Sina yesterday shows that, among the 29,199 internet users surveyed, over 90% were opposed to the continued use of flour brightener. The Ministry of Health has been seeking public opinions on the use of flour brightener.

The Beijing News | 2010-12-17

PROPERTY

China to Curb Property Speculation in Five Years

China will increase supervision over the property market, increase housing supply and curb property speculation during the upcoming 12th Five-Year Plan period, an official from the Ministry of Housing and Urban-Rural Development said yesterday.

China News Service | 2010-12-17

LAND

Heads of 12 Cities Will Be Held Responsible for Illegal Land Use

The heads of 12 Chinese cities, including Weinan City in Shaanxi Province and Yuncheng City in Shanxi Province, met with the head of the Ministry of Land and Resources, Xu Shaoshi, yesterday. They were asked to report local cases of illegal land use and propose punitive and preventative measures. It has been reported that the heads of these and other cities will be held responsible for local cases...

National Business Daily | 2010-12-17

PROPERTY TAX

Shanghai May Impose Tax on New Homes over 200 Square Meters

At a seminar on property tax held by Fudan University, an anonymous expert said that the Shanghai government may tax newly-purchased houses with an area over 200 square meters. Only the area exceeding the 200 square meter limit will be taxed.

China Securities Journal | 2010-12-17