Analysis Of Housing Tax Reform In Mainland China

The real estate industry becomes the fundamental economic field in China, with the continuous boosts of the socialist market economy. Taxation on housing property is main government receipts, which could offer a stable and sustainable income for local government, crack down speculation on house property, narrow poverty gap, as well as optimize social resource.After implementation of tax distribution system, housing property taxation reform is highly demanded, due to the emergence of social contradiction driven by excessive rely on land leasing. In 2011, the pilot property tax schemes in Chongqing and Shanghai have been done, which provided helpful experience on reform in the mainland.Hong Kong, Macau and Taiwan are inseparable parts of PRC, and the people shared the roots. Taxation on property showed advantages in advanced market economics-clear definition of tax categories, tax rates, tax base, and taxpayer and tax relief.Compared EU and US, similar culture and social background among mainland, Hong Kong, Macau and Taiwan made analysis of mainland property taxation and assessing institution more reasonable.The study clarifies involved theories of property tax, and reveals the objective necessity of main property tax system reform. Through analysing pros and cons of property tax among Hong Kong, Macau and Taiwan as well as combining mainland fundamental, reasonable academic suggestions come out, which make property tax become a benign government fiscal income of the people, by the people and for the people.