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A China Inheritance Tax. Steve Dickinson On CCTV-9 Says "Please Don't."

By Dan Harris and Steve Dickinson

CLB co-blogger was on CCTV's Dialogue show last week discussing whether China is ready for an inheritance tax. The Moderator was Tian Wei and Steve was on there with David Lee, from the Beijing Dacheng Law Offices. The show was described as follows:

With China's rapid economic development, the wealth gap in the country is also widening. As a result of that, people are talking about the possibility of inheritance tax. How viable is the situation to implement and levy this inheritance tax? What are the debates behind this?

Steve is of the view that China is not ready for such a tax because, among other reasons, China has yet to develop a good personal asset reporting/monitoring system. To watch and listen to the entire interview, go here.

Full post as published by China Law Blog on January 28, 2008 (boomark / email).