Research On Reform Of Real Estate Tax System In China

The real estate tax is taxes related to real estate. According to China’s current land system, the land and housing are separated, so the land and buildings are taxed separately. In the following, the real estate tax includes the property tax and the land tax.Current real estate-related includes 11 taxes, becomes about three parts. The first part is the development aspects of the tax, including the deed tax, farmland occupation tax, stamp duty; the second part is the transfer aspects of the taxes, including business tax, urban maintenance and construction tax, education surtax, corporate income tax, personal income tax, land tax and stamp duty; the third part is maintain links taxes, including property tax and urban land use tax.At present, the Chinese economy is in a critical period of transformation and development,the existing real estate tax has been unable to adapt to the development of China’s economy and real estate market, problems becoming increasingly apparent, the main problems are excessive taxes, double taxation serious; each tax uneven distribution of tax burden links; existence levy of taxes, fees, rent aliasing.It is precisely because of these problems, China’s real estate tax is not able to fulfill it to raise revenue and promote social equity role. On the one hand, the real estate tax for the local government can not effectively raise revenue, coupled with "Business tax reform VAT",local governments to reduce existing taxes, resulting in local government financial authority and powers imbalance, in order to maintain the growing public service expenditure, local government blind development land, such short-sighted behavior caused many social problems; on the other hand, with the economic development, people’s income level is improvement, the gap is too large, the distribution of wealth and other issues also unreasonable, however, the real estate tax dose not give full play to its role is one of the causes of the growing income gap.Therefore, our government should actively promote the real estate tax reform for local government to provide a stable and reliable source of revenue, and promote optimal allocation of market resources, narrow the wealth gap and promote social equity.Our special the situation and the complexity real estate tax legislation lead to real estate tax reform is a gradual process, it can not be done overnight. After analyzing the objectives, principles, theory of the real estate tax reform,the real estate tax reform is divided into short, medium and long term in three phases, in order to the real estate tax can play its due effect better.