Study On Restructuring The Property Tax System In China

In recent years, with the development of economy globalization and market economy system, there has appeared fairly sharp wealth inequality in society. The gap between the rich and the poor has the tendency to be widened, and it impacts social equality and stability seriously. Nowadays, strategic concept of harmony society carried out by the government focuses on social equality and balances economic efficiency. Having long history in the world, property tax plays roles in maintaining fiscal revenue, distributing social wealth and promoting economic development better than income tax and commodity tax. Requested upon concept of harmony society, current property tax system must be restructured by the government to achieve the goal of social development. However, reforming property tax system is still very backward and the real property tax system has not been built up. Therefore, more and more attention has been focused on reforming property tax. Using the method of quantitative and qualitative analysis, this thesis analyses problems of current property tax system in China by reviewing development of property tax at home and abroad. Through absorbing successful experiences of foreign property tax system, it makes systematical and comprehensive study on how to restructure property tax system currently suitable for national conditions and further study on levying real estate tax and inheritance tax.