Beijing’s divorce rate has increased by more than 40 percent in the first three quarters of this year from the same period last year. Experts said that might be because couples are seeking to avoid a property tax imposed earlier this year…In March, the nation introduced a nationwide 20 percent individual income tax levied on capital gains by home sellers. Previously, only a 1 percent individual income tax was levied on the sale price. The tax hike increased the cost of existing second-hand home transactions and affected speculative purchases in the property market. However, the regulations allow couples with two properties who divorce and put one house in a former spouse’s name to sell their residential property tax-free under certain conditions. They are then able to remarry.
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Wednesday, 30 October 2013
Popular Posts
-
U.S. household spending rose in August as incomes increased at their fastest pace in six months, signs that momentum could be growing in th...
-
The Conference Board said its consumer confidence index in May rose to 83 -- matching the MarketWatch-compiled economist consensus -- fr...
-
Government Bonds Price Yield ...
-
The WSJ reports, "Alibaba said Thursday it bought a 50% stake in China's Guangzhou Evergrande soccer team for 1.2 billion...
-
Japan's core machinery orders fell more than expected and a central banker warned of headwinds from soft overseas growth, underscoring...
-
Chinese Premier Li Keqiang, in a telephone hook-up Thursday, told new Indian Prime Minister Narendra Modi that China was willing to enhanc...
-
China National Cereals, Oils and Foodstuffs Corp--the country’s largest food trader, has acquired a 51 percent stake in the Dutch trading ...
-
Despite ups and downs, China-U.S. relations have generally moved toward the right direction and yielded fruitful results, Xi said. "W...
-
Japanese Finance Minister Taro Aso reiterated on Tuesday his cautious view on a possible corporate tax cut to cushion the blow from a plan...
-
China's business climate index, a major gauge of the country's macroeconomic outlook, dropped in the fourth quarter, according to ...