Research On The Influence Of Real Estate Tax On The Real Estate Wealth Effect

In the era of rapid economic development,the development of China's real estate market is becoming more and more rapidly,real estate wealth influence on national economic development.Real estate wealth became the physical wealth which are more and more important.In the current China,the wealth value of the real estate industry occupies most of overall wealth,therefore the real estate wealth effects are more prominent,the healthy development of the real estate industry influences on all aspects of people's lives.Real estate tax is an important financial measure of regulating the real estate market,the specific standards of the real estate tax have significant influences on the price of the real estate market and people's psychology,it also affect people to make economic decisions and behavior,thus make better use of real estate tax,control the effect of real estate tax on real estate wealth,these measure is of great significance for maintaining and promoting real estate maket and control ing the entire economic environment.In this paper,combined with the specific situation of the current real estate tax in our country,the author analyzes the relationship between the real estate tax and the the wealth effect that is generated by the house price fluctuation.The main content of this study is that China's current system of real estate tax and how the real estate tax affects the real estate wealth effect of our country in the basic form of society,and whether the different taxs have a different impact on the real estate wealth.This paper applies the relevant data of 30 provinces and cities in China from 1999 to 2015,and the results of the real estate wealth effect is 0.058,on this basis,the relationship between the real estate tax and real estate wealth effect is analyzed further.Dynamic panel data model,that is to say China's real estate tax on real estate wealth effect is negative influence,and in the real estate tax system of different categories of taxes to the influence degree of the real estate wealth effect is also different.Finally,in view of the theoretical and empirical test results,this paper put forward the corresponding policy recommendations from expanding the scope of the property tax levy,simplify tax,accelerate the real estate tax law implementation,the implementation of differentiated tax policy and other point of views.