Analysis of Real Estate Tax System Reformation in China

DOI

10.2991/msie-16.2016.98How to use a DOI?

Keywords

real estate tax; turnover tax; property tax; game theory.

Abstract

In recent years, the demand of houses is booming, making the house price increase sharply. Tax is a "visible hand" of government in regulating economy, that the allocation of marketing resources can be optimized to improve the social welfare, by reforming the tax system reasonably. Based on the theory of equilibrium, this paper analyzes the effect of turnover tax reduction and property tax levy on housing price. Then, from the perspective of game theory, it makes analysis about how will they act if the central government rewards local governments incentively for reforming the tax system, What's more, it also analyzes how the equilibrium solution of game interprets the principal-agent relationship between central government and local governments. At last, this paper puts forward reasonable suggestions accordingly.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Binfan Tian
AU  - Yongzhong Tang
PY  - 2016/10
DA  - 2016/10
TI  - Analysis of Real Estate Tax System Reformation in China
BT  - Proceedings of the 2016 International Conference on Management Science and Innovative Education
PB  - Atlantis Press
SP  - 442
EP  - 447
SN  - 2352-5398
UR  - https://doi.org/10.2991/msie-16.2016.98
DO  - 10.2991/msie-16.2016.98
ID  - Tian2016/10
ER  -