China not likely to impose a capital gains tax -tax official
BEIJING, April 28 |
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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