Study Of China's Real Estate Tax System

In national economic activities, real estate plays a highly important role. Real estate is highly effective in promoting national economy. Healthy and sustainable development of real estate imposes a prominent and far-reaching effect on sustainable development of national economy in China. Therefore, it is extremely urgent to establish a rational revenue system to effectively exert stabilizing functions of revenue policies.There are two kinds of basic viewpoints in real estate tax theories. One is the viewpoint of public economics, which considers that tax theories shall embody government financial earning from land tax and impartial distribution of social wealth. The other is the viewpoint of land economics, which attaches great importance to whether revenue policies impose effect on allocation of resources. From analysis, we are able to come to the conclusion that real estate tax in China owns functions such as stabilizing revenue sources, equalizing burdens, shortening gaps, lever regulation and promoting economic development etc.As far as a complete real estate project is concerned, presently, in China, real estate tax and other relevant taxes include the thirteen kinds of taxes. Analyzing the due functions of real estate tax, currently, in China, actual real estate taxation system is unsuitable to the requirements on real estate market development, is unable to exert the due functions of taxation system, and hinders real estate market from developing further.In foreign countries, real estate plays a highly important role in national economic activities. After analyzing real estate taxation systems in foreign countries, we are able to come to the conclusion that, the advanced experience useful for reference is that, real estate taxation is the main financial revenue source of local governments in foreign countries, for construction of all local infrastructures. Generally, they take market value or evaluated value as the reference to calculate real estate tax, in order to make real estate tax increase elastically according to economic...