International Comparative Research On The Legislation Of Real Estate Tax

30years since China’s reform and opening up, Chinese economy has adramatically increasing. All these years, modernization offers China an opportunity tostand in the line of becoming a middle-developed country. Deep development andreform of economy requires improvement of Chinese Legal System keep up witheconomy’s highly development. After knowing disconnection between marketeconomy and legal system of tax revenue, Chinese government decides using12-word-policy to lead the way of tax reform, which are simpling tax system, widingtax base, lowering tax rate and stricting on collection. This new round tax reform isanother huge reform since Tax System Reform in1994.This new round tax system reform consists of reform and improvement of valueadded tax, income tax, consumption tax and real estate tax. Real estate tax plays animportant role in property tax reform. With comparative study method, thisdissertation concentrates on analysing legislation of property (real estate) tax inwestern and asian developed countries, as well as in Hong Kong and Taiwan. Authorhopes to find general characters and actual reference value from studyingdevelopment history and improvement of property (real estate) tax in these countriesand areas. After knowing the real obsticles in legislation of real estate tax in China,author could give some working advice to make legislation of property tax go well inChina.It has been10years since Chinese government officially put property tax ingovernment agenda in2003. In these10years, many scholars have done lots research on levy issues on property, how to make legislation of property tax, how to design thespecific property tax system and how to make sure property tax could work well withother real estate tax. Property tax is so important that every single citizen has tounderstand system designation and legislation of property tax.Author shows the research upon history and legislation of property tax indeveloped countries and areas like Hong Kong and Taiwan. Through the research,author could show premis of levy tax on property, purpose of property tax, and otherrelative tax system reform. The ultimate purpose of study is to figure out the purposeand principle of legislation of real estate tax in China after taking China’s actualconditions into consideration.The innovation of this paper lies in not only analysing existing property (realestate) tax system, but also focus on studying the history of property (real estate) taxin developed countries, Hong Kong and Taiwan. Author finds out the original purposeof levying on property and the actual effect of levying tax on property.In this Article, Chapter I focuses on existing property tax in China and legalsystem and reform of property tax. Chapter II does a brief account of background ofacademic and practical research on “Levy tax on property”. Chapter III gives athorough introduction of exsiting legal system of developed countries, like UnitedStates, Canada, Singapore and Japan and the real role which property tax plays inpractice. Chapter IV gives an introduction of legal system of property tax in HongKong and Taiwan. Chapter V addresses what the author concludes through the wholestudy and research; drawing a conclusion of purpose and principle of legislation ofproperty tax in China, and bringing up improvement measure to property tax relatedsystem.