Research On The Tax System For Controlling Real Estate Bubble In China

In recent years, along with the rapid development of real estate market, the price ofhouses also appeared sharp rise, a lot of speculative capital and investment capital inflowsinto the real estate industry, this intensifies the real estate market’s frothiness tendency, theirrational rise of the real estate price beyond ordinary home buyers’ economic bearing ability,in order to effectively solve the question of the real estate prices rising excessively in thelivelihood of the people, China’s government have issued a number of policy measures tobring down the house prices, such as "national five","new countries article eight" and relatedpolicy measures. New housing property tax reform is one of important content, althoughhouse property tax reform in the process of implementing met a series of problem, it playsthe role of unique and important function in suppressing the property prices.This paper expounds the theoretical basis of the research, including governmenteconomic intervention theory and tax regulation theory. And then through the use of theevaluation index to evaluate the current situation of China’s real estate bubbles, analyses thereason of the bubble, for example:investment, speculation and so on, and introduces four mainpolicy measures for suppressing real estate bubble in China, mainly including: administrativemeans, financial means and affordable housing means and tax means. Then analyzes thegeneral system of real estate tax and the original house property tax system, to draw outanalyzing the change of our country’s new housing property tax system, this paper focuses onthe analysis that why the new housing property tax system can suppress real estate bubble,and on this basis to evaluate the effect of the new housing property tax which is carried out inlast one year, at last, the paper further gives the suggestions for perfectting the house propertytax reform pilot.