Feasibility Study Of Chinese Property Tax

Third Plenary Session of the Sixth Central Committee raised:" Reform the taxation system step by step. According to the principle of Simple Tax System, Wide Tax base, Low Tax Rate, Tight collection and management, steadily advance taxation reform. Carry out the construction taxation reform in Cities and towns, and levy the unified and standard property tax on real estate, and also cancel the relative charge". Our current tax system has a lot of defects which including paying more attention to circulation and depreciating property, complicated tax kinds, lack of local major tax, unreasonable system design etc. This article detail expatiate the property tax system design and study possibility of the imposing of property tax in our country in order to offer some reference for our tax system reform.