Property tax issue

The plan for collecting property taxes should be submitted to the legislature for approval before it is implemented, says a signed article in China Youth Daily. The following is an excerpt:

The long-discussed property tax was reportedly levied in four provinces and municipalities on a trial basis in early October. And there is also a market prediction that the tax might be formally collected all over the country next year, which has been denied by State Administration of Taxation officials.

The news has triggered wide public attention. Most people focus on the technical details of the tax, but it is also necessary to submit the tax to the legislature for approval before its formal start.