Research For Countermeasures To Promote China’s Property Tax

Along with the rapid development of China’s economy and the national standardof living increasing significantly, people grew concern over the improvement ofhousing conditions. In recent years, China’s real estate industry has rolled into the fastlane of development, however, with the development to the increasingly prominentcontradiction, disorder management, excessive competition, skyrocketing housingprices, real estate bubble up in the air. Faced with this grim situation, many scholarsand industry experts hope the real estate tax, property tax reform and stabilize theproperty market, housing prices can become a killer. So the discussion on the levy ofproperty taxes in our country on this raging, the state has put forward to steadily pushforward the reform of property taxes in the "12th Five-Year Plan". After discussion ofthe whole year2010, and finally at the end of January2011, the government formallyintroduced the program, firstly in Shanghai and Chongqing, the implementation ofpilot reforms. Controversy and discussion of the real estate tax levy is not over,however, whether the property tax to be successful enough to become the key to pricestability, as well as the introduction of real meaning and impact of the real estate tax,you also need the test of time and practice. This article give full consideration to thecurrent situation, analysis of the property tax system and the existing problems inreforms, combined with the institutional arrangements of property taxes in developedcountries, and suggestions for solving the many problems facing China’s reform,comprehensive thinking to improve the property tax. I believe that property tax reformis not just for short-term macroeconomic policy objectives standing, should be basedon long-term, starting from the long-term goal to improve the fiscal and taxationsystem, the real play to the functions and role of the real estate tax.The full text is divided into five parts: The first part is an introduction, includingbackground, significance, Research and the structural framework of the articles. The second part is about the theory of the real estate tax, including the concept of the natureand characteristics of the property taxes. The third part is on the internationalcomparison of the real estate tax, combined with the property tax system in the UnitedStates, Britain, Japan and South Korea, draw experience and inspiration on the basis ofcomparative analysis of the strengths and weaknesses. The fourth part is concerningthe status quo of China’s real estate tax, introduced the need for reform and pointed outthe problems of existing pilot reform. In the last part, I put forward thecountermeasures and suggestions to improve the China’s real estate tax on thecombination of the above analysis.