BEIJING China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real estate sector, a media report said on Nov. 12. Regulators are preparing a proposal that would enable major cities such as Shanghai and Beijing to reduce the deed tax for buyers to as low as one percent from the current level of up to three percent, Bloomberg News said, citing people familiar with the matter. The property sector has long accounted for around a quarter of

Tag-uri: Real Estate