According to an article published today in the Wall Street Journal:
"Whether or not to tax the dead has become a big question in China.
The country doesn’t currently have an inheritance tax—also commonly known as the death or estate tax—a levy paid by people who inherit money or property, or a tax on someone’s estate after they die.
But a recent media report has sparked discussion about whether China should start levying such a tax, and if so, how heavy rates should be.
The private 21st Century Business Herald reported (in Chinese) on Sept. 27 that the Communist Party’s top decision makers will consider the inheritance tax at the Third Plenum, a key meeting of senior leaders expected in November, citing Liu Huan, an academic adviser to the nation’s State Council, or cabinet''.
