Property companies slammed for back taxes

The Beijing Local Taxation Bureau published a list this week in the Beijing Daily newspaper of 35 companies that owe a minimum of eight million yuan each in unpaid taxes. Over 80 percent are in real estate and construction industries.

The number of enterprises that have defaulted on their taxes has shrunk from 63 this time last year. According to the list, the reason is largely due to the improved economic climate

There are some exceptions, however, as some companies have not managed to recover.