Study On China Real Estate Tax System Reform

The development of the Real estate tax is a result of contradictions and conflicts. During the process of resolving the contradictions, Real estate tax system is constantly changing, reformational and progressive. In the course of the development of the real estate industry, it constantly resolves various kinds of contradictions. New contradictions will arise as old ones are resolved. During the constant adjustment process of conflictions, Real estate tax system is becoming harmonious and complete.Until recently, China Real estate tax is facing a great reforming pressure, which pushes the Real estate tax reform into the air waves. Firstly, have passed over the development history of extremely poverty and weak, the Chinese nation is exploring the roads to make the country and the people rich under the leadership of the Party, and have accumulated 30-year experience to walk out general orientation of open and reform. With the processes of rural reform, industrial reform, commercial reform, fiscal reform, financial reform and so on, every industry is carrying out reform, and every department is carrying out reform. The real estate is either an important means of production, or an important means of livelihood; It has a very significant effect on the development of the entire society. Therefore, the real estate industry has also begun to reform. Land property rights system reform centering on the paid use of land and housing system reform concerning housing ownership have begun to carry out extensively and spread roundly in China. As the original Real estate tax system is set based on uncompensated use of land, the real estate industry reform becomes the basic agent of Real estate tax system reform. Secondly, the rapid development of real estate industry has brought out the conflict between the real estate industry and the original tax system; The conflict forced government to reform the original Real estate tax system, in order to adapt development needs of the real estate industry. Thirdly, the development of the real estate industry has caused the contradiction between supply and demand; the contradiction between supply and demand in total quantity for the real estate has been aggravated, and structural conflicts are particularly prominent. In this process, it occurred that consumers' interests is impaired; As the main subject, interests of the entire homebuyer is greatly damaged. The development of economy is consumer-first, if the interests of consumers are impaired, it will lead to the abnormal development of the real estate industry. In order to realize the balance between supply and demand, the consumer and producer, we need to reform the original Real estate tax system. Fourthly, in the process of social progress and social production, the gap concerning the possession of Chinese social wealth becomes larger and larger,This wealth gap appears not only in the flow. but in the stock. In order to reduce the wealth gap, the emphasis on income distribution policy needs to be adjusted. The adjustment has two aspects. one is to adjust the flow which is the adjustment to income gap, the other is to adjust the stock which is the adjustment to property gap. It is under such tremendous pressure of reform that Real estate tax system has become urgent and significant.The paper analyzes social economic foundations of the real estate taxes in our country, summarizes the developmental stage of the real estate industry, and from the standpoint of the influence relationships and influence extent with the real estate, analyzes the close and general factors that influence the real estate prices; Tracing the pulse of history, expiore the historical track of the development of real estate taxes, induce the reform process of the modern Real estate tax, and from the standpoint of tax elements, introduce the settings of the real estate property taxes, the real estate commodity tax, the real estate income tax and other real estate taxes. Then, the paper provides a political and economic analysis of the current Real estate tax, analyzes the status of the existing rents, taxes, fees and the proportion of taxes and dues; analyzes the direct and indirect tax burden level borne by the real estate enterprises; points out that the types of Real estate tax arranged slightly more, the double taxation slightly heavier and the defect settings of getting links, trade links and maintain links in real estate and other problems in the current Real estate tax system; points out that in the real estate property taxes system, the legal differences existing in the land and Housing between urban and rural areas, the legal differences existing in the personal possess of different real estate,the unfair existing in the tax basis designs, the serious loss existing in tax revenue of personal operational housing; points out that in the real estate commodity tax system, the lags of commodity tax and the obsolete system of commodity tax addition are both existing; points out that those problems exist, a weak adjustment in differential profit, a weak guidance in environment and performance, a weak function in the stock of social wealth, an inadequate regulation function in realizing social justice; Finally, the paper gives an objective evaluation of China's current Real estate tax system.Based on this, the paper has proposed objective model concerning the current Real estate tax system innovation. According to requirements of economic and social development and institutional reform, within the overall framework of the tax system of market economy, the Real estate tax reform should aim at:establishing the dominant position of the Real estate tax in the Real estate tax system and local tax system, establishing the basic model of classification of the Real estate tax, building a framework for the Real estate tax, establishing the Real estate tax system that levy on urban and rural businesses and residents, and establishing the real estate valuation system. The theory section discussed the theoretical basis of the Real estate tax system innovation from the viewpoint of politics of Real estate tax, sociology of Real estate tax, ethics of Real estate tax. economics of Real estate tax and law of Real estate tax. The section of basic structure is mainly to establish coexistent revenue system that contains rents, interests, taxes, fees, establish the dominant position of the Real estate tax in the tax system, establish the structure of the Real estate tax system, establish basic pattern of the Real estate tax, and establish the Real estate tax system that levy on the urban and rural businesses and residents. The section of related system is mainly to argue the real estate appraisal system that Real estate tax system innovation needs. The foundations of Real estate tax accordance with valuation lie in land use system reform, development of market economy, the changes of double taxation of real estate, the sustainable growth of local financial and the development trend of international Real estate tax.Finally, the paper puts forward the reform process of the current Real estate tax system innovation. According to the reform objective of the Real estate tax, the logical relation of reform task, and the financial capacity of governments at all levels, enterprises and residents, the paper points out the Real estate tax system innovation should be divided into three phases:short-term, medium-term, and long-term.2011～2015, which is the Twelfth Five-year Program over the same period, forms short-term goals of Real estate tax system; 2016～2020, which is the Thirteenth Five-year Program over the same period, forms medium-term goals of Real estate tax system; 2021～2025, which is the Fourteenth Five-year Program over the same period, forms long-term goals of Real estate tax system. Recent programs of the Real estate tax system, provide a scheme concerning the improvement of real estate property tax on imposing Real estate tax on urban residents and imposing urban land use tax on urban residential land, a scheme concerning the improvement of real estate commodity tax on improving urban maintenance and construction tax and additional education tax, and a scheme concerning the improvement of real estate income tax in technology development and application research, building energy saving, funding and use of energy saving and emission reduction and recycling economy; The medium-term programs of the Real estate tax system reform, provide a scheme concerning the improvement of real estate property tax where the range of taxation of Real estate tax and land use tax will expand to rural areas, a scheme concerning the improvement of real estate commodity tax on imposing added value tax. instead of business tax on construction industry and the sales of real estate and a scheme concerning the improvement of real estate income tax on merging land value-added tax into enterprise income tax, and piloting mixed personal income tax; The long-term programs of the Real estate tax system reform, provide a scheme concerning the improvement of real estate income tax on extending mixed personal income tax system, newly establishing inheritance tax and gift tax. In the end. on a national scale, establish the Real estate tax system, which levies on value-added tax and enterprise income tax in transaction links, levies on Real estate tax and land use tax in maintain links, and levies on personal income tax and inheritance tax in bequest links, and realize the objective of Real estate tax system reform.