(1127 Cr M04)chinese Developers Deny Unpaid Tax

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Chinese real estate developers have dismissed a media report claiming they owe a massive amount in unpaid land taxes.

Listed companies, including Gemdale Corp., BBMG Corp. and Beijing Capital Development Holding Co., on Tuesday denied a China Central Television report that claimed they are among a number of companies that owe nearly 619 billion US dollars in total unpaid land value-added taxes from 2005 to 2012.
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Producer : Xinhua News Agency
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