Improve The Study Of China's Property Tax System

In a just few years,the Change from Business Tax(BT)to Value-Added Tax(VAT)has swept across most industries since the pilot program for replacing BT with VAT,and will be rolled out starting from May 1,2016.The VAT reform project has great value to deepen the reform of fiscal and tax system,leading to the loss of the main tax of local taxes,so as to bring great challenges to the original local tax system of China.Therefore,the selection of new main tax of local taxes becomes prior issue for perfecting the local tax system of China,and moreover,currently,property tax is highly expected to win the place of main tax of local taxes.In view of the above,this paper,based on the review,analysis and comparison of relevant literatures and data,fully demonstrates the appropriate of property tax on acting as the main tax of local taxes in the following two aspects-theoretical analysis and realistic choice.Furthermore,by combining the experience of foreign property tax reform with the development of our property tax,policy suggestions suitable for our actual situation are put forward in three ways,i.e.,the optimization of property tax,reform of collection and administration and supporting measures.This paper consists of five chapters.Chapter I is the Introduction,elaborating the background,significance,thoughts and methodologies of the paper,reviewing research achievements on local taxes and property tax at home and abroad,and introducing the main innovative point of the paper.Chapter II discusses the fundamental theory of property tax,including concept,function,development process and resource endowment to becoming the main tax of property tax,providing theoretical basis for the concrete analysis below.Chapter III,based on practical experiences and influences of reform of fiscal and tax system in developed countries(for example,USA,France,Japan,etc.),makes comparison and analysis on the features and common points of property taxes in different countries,so as to provide references for China in the general development direction of property tax system.Chapter IV develops detailed discussions on our current property tax system,including scale and structure of property tax revenues,analyzes the proportion of property tax in our local tax revenues,dissects issues arisen from the development process of property tax and corresponding reasons,and draws the requirements on consolidation of property tax.Chapter V carries out researches from the perspective of improving and perfecting our local tax system,focuses on the establishment and improvement of a property tax system which matching with property ownership and administrative power of the central and local governments,and offers suggestions on the perfection of our property tax system,so as to solve the problem of gap on local government fiscal funding,to better play the role of property tax in organizing fiscal revenues,narrowing income gap,allocating resources reasonably.