Research On The Improvement Of China's Real Estate Tax System Based On Multi-objectives

The real estate tax is a kind of popular tax levied in the world. The major of the countries in the world have attached great importance to the real estate tax system in raising finance, adjusting income distribution and optimizing the allocation of resources. China's current real estate tax was established and perfected on the basis of tax-sharing reform in 1994. It once played an important role in maintaining the healthy development of our real estate market. However, with the rapid development of real estate industry and economic system reform, the current real estate tax system has not accord with the requirement of economic development.The paper would take a holistic approach to study the improvement of China's real estate tax system, based on the multiple goals. Now let's introduce the structure of the paper. The text of the article is starting from the second of the chapter. In the second chapter, in the second chapter, it briefly introduced the related categories of taxes and tax optimization theory which provided a theoretical basis for the research of this paper. In the third chapter, it analyzed that the China's real estate tax should play role in raising fiscal revenue, adjusting income distribution and optimizing the allocation of resources. And these three objectives should be differentiated what is primary from what is secondary. The revenue target should be set primarily, and the other two are complementary targets. Then through the theory and the empirical analysis, it discussed a range of issues related with the real estate tax system, which leading to the deficiency of the three objectives. In the forth chapter, the paper introduced the characteristics of typical countries and regions'real estate tax system. In addition, it also summarized respectively their functions that had fulfilled as well as reference significance to our country. In the last chapter, it proposed the countermeasures and advices to innovate the whole links of China's real estate tax system based on the three objectives. Anything else, it also put forward the implementation of the relevant supporting measures: one is to improve the real estate property right registration system; the second is to establish a scientific and effective real estate appraisal system; the last is to establish information net system of the real estate.