On The Relationship Between The The Land Finance Transformation And Real Estate Tax Reform

In2012, Premier Wen Jiabao referred to "reform" more than70times in theGovernment Work Report, tax reform, such as the distribution system reformeducation reform, political reform, economic reform, social reform, etc. In this era ofgreat transformation of China, property tax reform as an important part of China'sfiscal reform, which is related to the distribution system reform and economic reformis imminent and imperative!Chapter â… : This Chapter discusses the general inadequacy of local financialself-sufficiency rate in China, the causes of land financial system, the weakness andimperfection of the tax system reform as well as the system of local taxes.Chapter â…¡: This Chapter discusses the institutional basis of the land finance,(aland leasing system with Chinese characteristics,) the dangers of land finance, andland finance solution-real estate tax system reform;Chapter â…¢: This Chapter discusses the property tax system reform, the threeobstacles and four necessity in order to identify countermeasures to overcomeobstacles, to schedule priority of the objectives of the reform as well as to anchor tothe solid direction of reform;Chapter â…£: a simple analysis of positivism on property tax reform in Shanghaiand Chongqing. In order to examine the conflicts in the Shanghai and Chongqingproperty tax reform objectives and legislative practice and to correct the deviationfrom the legislative intent of the property tax reform in Shanghai and Chongqing; Soas to amend the property tax reform program in Shanghai and Chongqing andaccumulate experience for the whole country property tax reform. Conclusion: inadequate tax system reform is the direct cause leading to landfinance, the imperfections of the tax system resulting in land finance, and indirectlyled to the real estate bubble, the housing crisis and real estate-related imbalance inincome distribution and the irrational economic structure, so the property tax reformshould be positioned as an integral part to improve fiscal and tax reform. Theimmediate objective should address the lack of local financial resources, land financetransformation, as to squeeze real estate price bubble, to solve the housing problemand adjust the imbalance in income distribution should be ranked subsequently.