Research On The Impact Of Tax Policy On Housing Price Fluctuation

The housing market price volatility has always been a popular topic. Andnumerous and complicated factors have affected the housing prices. And real estateindustry development is affected by the policy considerable industry department; thecountry’s attitude to the real estate industry development is one of the most importantfactors. Therefore, real estate regulation and control policy of the housing markethave much influence on the price fluctuations.Tax policy is one of the real estate regulation policies. Based on thecharacteristics of the tax policy, it has special effect on enrolling residential housingprice, restraining the market speculation，and ensuring a steady development of thehousing market. The scholars in this field are paying attention to the special effect oftax policy regulation function. Therefore, it is necessary to research the regulationmechanism of the tax policy, so as to clarify tax policy regulation mechanism, providea theory basis on improving the residential housing price regulation system andenrolling housing price reasonably.Firstly, this paper analyzes the situation and development trend of the housingmarket and its price. Based on it, this paper explores the regulation mechanism of taxpolicy on housing prices: influencing the housing market supply and demand, and,affecting the housing market price fluctuations. In addition, this paper focuses on theinfluence of Operational Tax, Income Tax, Building Tax and Land Value Tax.Secondly, combined with the reality of our country, the regulation of tax policyeffect has carried on the empirical research. The concerned statistical data from2001to2011show that there is a positive correlation between the land appreciation tax andthe housing price, and a negative correlation between the business tax and house price.The reasons of this may include relaxed tax collection process，tax shift，and repeatedtaxation collection etc.Finally, after analyzing the problems in the implementation process of the taxpolicy, this paper puts forward suggestions to reform and perfect current tax policy.