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Texas Tech Univ. School of Law

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Sunday, October 6, 2013

China Considering Inheritance Tax?

Chinamoney

China currently has no inheritance or estate tax, but a recent media report has sparked a debate on whether to levy such a tax.

The 21st Century Business Herald recently reported the Communist Party’s top decision makers will consider an inheritance tax at a key November meeting of senior leaders called the Third Plenum.  

Inheritance tax supporters believe China’s widening wealth gap demands this tax; however, many feel that China is not ready for such a tax.

See Liyan Qi, Talk of Inheritance Tax Sparks Debate in China, The Wall Street Journal, Oct. 3, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/10/china-considering-inheritance-tax.html

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