On The Relative Problem Of Levying Property Tax In China

The present Real Estate Tax has disadvantages as following: The taxation has multi-item;the legislation is repetitive; the taxation scot is unreasonable and a whole set of revenue expropriation and administration system is still establishing. The present Real Estate Tax system cannot adapt to the rapid growth of real estate industry. To some degree it hinder the healthy development of real estate industry.As one important strong control instrument, it is not reasonable present Real Estate Taxation did not play its proper role in controlling the real estate market."implementing the reform of cities and towns'construction tax ,levying consolidated and normal property tax when the condition exist, canceling some related tax and fee relevantly"is clearly posed in the"The decision of the Central Committee of the Communist Party of China about some problems of perfecting socialist market economy system"which is issued by CPC in the third plenary session of the sixteenth centre committee of the Chinese communist party(CPC) in 14th ,setp.2003. carrying out the reform of present Real Estate Tax is under the circumstances.This paper introduces the present Real Estate Tax system including the main items and its development, and analyzes the main problem and disadvantage existing in the present system at first. Through this analysis this paper discusses the necessity of the reform of real property tax in China and the practical significance of levying property tax. Meanwhile, compare to the foreign property tax, analyzing and drawing on the success of foreign tax reform through the new concepts and framework, and summarizing former research achievements, this paper provides some advancing plans about real property tax's reform including the institution design and relative necessary measurements in China. Finally this author's discusses the possible problems caused by levying property tax.