The Research On Property Tax Legislation In China

At the present stage, the increasing wealth disparity between the rich and the poor caused by unfair social distribution is rather severe, and the uneven income distribution brought about by unequal property possession is being promoted to be a main cause of unfair social distribution, which has tremendous adverse influence on the fair system of our society. To reverse this trend, the taxation system, as the adjustment lever of the social distribution, should bring its role to full play. However, there are many drawbacks to our present taxation system of the real estate industry, such as obscure concepts of tax items, irrational structure of items of taxation. Thus it's difficult for the taxtion system to play its role. Under these circumstances, if we want to upgrade our taxation system, we have no choice but establish specialized"Taxation Law on Property"and levy property taxes in a timely manner.We should implement the policy of"low tax rate, wide tax base and stringent administration", adhere to the principles of statutory taxation, efficiency, fair taxation and universal taxpaying and so on, rationally choose a lawmaking mode, and scientifically allocate elements of impostion of taxes so as to establish a basic legal system of property tax. We should, in accordance with the national conditions, adopt a mixed yet separated system of separate property lawmaking mode in legislation of property; we should, in line with the principle of universal taxpaying, define the taxpayers; we should levy taxes based on the assessed value of immovable property; we should adopt proportional tax rate, instead of treating different housing property in a different manner, to solve the social inequality by setting up proper tax emeptions.Although we are already equipped with the basic qualification to levy property taxes theoretically, there are still some important institutional deficiency or even"institutional vacuum"that impede the smooth implementation of the law of property tax. To ensure the smooth implementation of the law of property tax, we should improve the system related to the implementation of property tax while levying the property tax. To be concrete, we have to improve the property registration system and property assessment system and define the position of local tax of property tax.