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China not likely to impose a capital gains tax -tax official

BEIJING, April 28 | Wed Apr 27, 2011 9:29pm EDT

BEIJING, April 28 (Reuters) - China is not likely to start taxing investors on their capital gains any time soon, a tax official told Reuters on Thursday, a rebuttal to market talk that China was about to unveil such a tax.

The Shanghai B-share index had slid 5.3 percent on Wednesday, in part dragged lower by rumours that a tax on investors' capital gains might be launched soon.

(Reporting by Shen Yan and Koh Gui Qing; Editing by Ken Wills)

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