Chinese property developers reject state broadcaster's report on unpaid taxes


HONG KONG/SHANGHAI: Chinese property developers have dismissed claims by China Central Television (CCTV) that they owe massive sums in unpaid land taxes, pitting some of China's most powerful businessmen against the influential state-owned broadcaster.

Listed companies including Gemdale Corp, BBMG Corp and Beijing North Star Co Ltd , all named in a CCTV report that aired on Sunday, denied claims they are among firms that avoided paying as much as 3.8 trillion yuan ($624 billion) in taxes due.

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