Research Proposals on the Reform of Real Estate Tax in China
Based on China’s Actual Situation and International Experience
These authors contributed equally
- https://doi.org/10.2991/aebmr.k.220307.177How to use a DOI?
- real estate tax; real estate economy; tax base; tax rate; reasonable preferential policies
The real estate tax is a local tax widely set up all over the world, providing local governments with stable and sustainable tax revenue. Through the analysis of the pilot policies of the real estate tax in Chongqing and Shanghai, it is shown that real estate tax in Chongqing and Shanghai is not the most effective tool to regulate the housing price, although it can reduce the growth of housing price. The real estate tax in Chongqing and Shanghai is still inadequate in the rationality of policy and the ability to regulate the housing price. This paper outlines three problems in the real estate economy: uneven distribution of wealth, an imbalance between supply and demand, and speculation behavior leading to economic bubbles. Given the current situation of China’s real estate market and drawing lessons from foreign experience, the recommended solutions for the reform of real estate tax are: determining tax base, formulating tax rate, making reasonable preferential policies, establishing a complete national real estate information system and introducing formal laws to legalize real estate tax activities. This paper summarizes the existing policies and puts forward feasible suggestions for large-scale implementation of real estate tax in China.
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Jiayi Huang AU - Haoni Jiang AU - Fuming Wang AU - Xiaochen Zhao PY - 2022 DA - 2022/03/26 TI - Research Proposals on the Reform of Real Estate Tax in China BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 1074 EP - 1080 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.177 DO - https://doi.org/10.2991/aebmr.k.220307.177 ID - Huang2022 ER -