Research On The Effects Of The Reform Of Fiscal And Taxation System On Local Goverments Land Financial Behavior

Needless to say,nearly 20 years since the reform of the tax system is the taxation of the financial behavior of local government land and expansion phase,but also economic development in the region is highly dependent on the land during the fiscal.However,the local government land is an unsustainable fiscal behavior of short-term behavior,socio-economic development have had a significant distorting effects,suffering and scholars and the general public accusations criticized.In 2014,the central proposed from financial powers,the tax system and budget system for promoting a new round of reform of the fiscal and taxation system,three aspects,then,change the fiscal and taxation system and what kind of relationship between land finance?The fiscal and taxation system reform of local government land finance behavior produced what kind of impact?Under the background of the new reform of the fiscal and taxation systems,land finance of local government behavior will change what kind of?Is to give up or strategy adjustment?In this context,based on the fiscal and taxation system reform,land finance and modern economic theory,build "the fiscal and taxation systems,the distribution of local interests,local governments behavior" theoretical analysis framework.First,explore the taxation system vicissitude,the central and local government changes in the pattern of interests and local government land-use behavior made in response,while theoretical analysis and empirical relationship between fiscal and taxation system changes and local government land finance.Secondly,the establishment of local government interests and taxation under the institutional framework conditions maximizing behavior selection model,from fiscal decentralization,tax system and budget system to investigate the effects of the tax system and taxation reform local government fiscal behavior of different types of land in three aspects,the use of provinces panel data interpersonal,financial behavior of different types of land and influencing factors of local government system in-depth empirical research.Finally,on this basis,build a local government land fiscal behavior selection model to explore the impact of a new round of reform of taxation of local government fiscal behavior of different types of land,and put forward policy recommendations.The main contents and results of this paper are:1.Analysis of the influence of the fiscal and tax system changes on land use and local government land financeRecalling the history of taxation system change analyzed at different stages of the taxation system of land-use behavior patterns of local government changes in the interests of central and local government made a response,while the institutional change theory to explore the relationship between taxation and local government land finance,and of 2,000-2014 national inter-provincial panel data,using panel cointegration analysis and Granger causality test,empirical relationship between the fiscal and taxation system ehanges and local government land finance.2.Analysis of the influence of the tax system and taxation reform on local government finance land behaviorFirst,from the fiscal decentralization.tax system and budget system to explore three aspects of theoretical analysis,the impact of the current taxation system since the mechanism of formation of the tax reform of local government fiscal behavior of different types of land,and then on the basis of theoretical analysis from the three aspects put forward five different hypotheses.Finally,2000--2014 national inter-provincial panel data to build econometric models for different types of behavior and influencing factors of land finance local government systems in-depth empirical study and verify the corresponding theoretical hypothesis.Hypothesis 1.Since the tax system reform,received on the central financial decentralization of powers and lead to local government financial authority and powers does not match,financial pressure is increasing,in order to make up the financial gap,local government access to land-related taxes(land finance ? budget through land financial behavior),extra-budgetary obtain land transfer(land finance ?)and land financing loans(land finance ?);Hypothesis 2.The tax impact of the different characteristics of the local government preferences,so that it acts Preference land(land finance ?)is greater than the land tax behavior(Land Finance ?);strengthen supervision of land transfer,also contributed to its finnancing on Land(land Finance ?)increased preference;Hypothesis 3.The central hypothesis of local taxes right allocation choice,leading to give local governments more revenue sources associated with land,thereby affecting local government tax preferences,passed through a strongly urban land management,land tax behavior to obtain land-related taxes(Land Finance ?);Hypothesis 4.Budget Mechanism soft constraints,resulting in local government and extra-budgetary revenue and expenditure without strong regulatory constraints,making it get extra land transfer(land finance ?)and land financing behavior by land and land financing behavior(land Finance ?);Hypothesis 5.Budget limitation hypothesis mechanisms such local government bonds lost the power of freedom,and then only by land and financing behavior,invisible to local financing platform loans to finance the acquisition of land(land finance ?).3.The new round of reform of taxation impact analysis of local governments land financial behaviorFirst,property rights reform,institutional reform and budget reform the tax system analyzes three aspects of the new round of fiscal and taxation reform program content,which is compared with the existing taxation system,before and after the reform focuses on the relationship between central and local tax benefits distribution pattern.Secondly,based on the "taxation system-the central allocation of local interest-the local government act"analytical framework to build a local government behavior selection model,try to fiscal behavior of local government land features described,and use this model to explore a new round of fiscal and taxation system impact of the reform of local government fiscal behavior of different types of land.Finally,put forward the corresponding policy recommendations accordingly.Through theoretical analysis and empirical research,results show as following:(1)Changes in fiscal and taxation system and local government land finance behavior analysis shows that the "unified revenue and expenditure" stage no fiscal autonomy of local governments and political incentives,less land occupation;"fiscal responsibility" to mobilize the local government positive,leading to the indiscriminate use of land issues outstanding;after "tax system,reform,local government "city land" access to land revenue,leading to the rapid expansion of urban construction land.The interaction between the tax system and taxation system and local government finance land,two-way causal relationship,but both at the same time long-term equilibrium relationship with each other feedback,but the long-term equilibrium relationship exists significant regional differences in the country and the eastern region and mutually reinforcing,while the western region there is only a one-way causal relationship and long-term equilibrium.(2)The tax system reform of taxation and local government fiscal behavior analysis shows that land,property rights powers do not match,resulting in local fiscal pressures increasing,forcing the promotion of regional economic growth and pressure,the local government budget through access to land-related taxes(land Finance ?),to obtain extra land transfer(land finance ?)and land financing loans(land Finance ?)of land to ease the financial pressure on fiscal behavior;the tax different characteristics and different target local government utility function,where preference relationship between the three government land finance as follows:land Finance ? preferences>land Finance ?preferences>land Finance ? preferences;tax right allocation unreasonable,so that more local government revenue sources associated with the land,which led to local governments excessive land-related tax preferences,passed through a strongly urban land management,land tax behavior to gain more land-related taxes(land Finance ?);soft budget constraint system,so without strong local government extra-budgetary revenue and expenditure supervision and restraint,to encourage them to acquire land through extrabudgetary financing behavior and the behavior of the land transfer land(land finance ?)and land financing loans(land finance ?);at the same time,due to the budget system,the local government can not be required issuing bonds,forcing it through the "land finance"approach to financing the acquisition of land(land finance ?).(3)A new round of reform of taxation and local government fiscal behavior research shows that land,a new round of reform from fiscal relations,tax system and budget system three aspects of the impact of land financial behavior.In the background of this reform,the local government will not completely abandon the land finance act,but adjusted according to changes in Behavior the policy system,the local government land transfer Behavior will be significantly reduced;land Financing Activities will also be reduced or even disappear,steering through issuance of local bonds to meet financing needs;land tax behaviors will be adjusted to relying on real estate property tax,land tax revenue,the main mode of land finance will shift to land revenue budgeted.(4)On the basis of theoretical analysis and empirical results earlier proposed the following aspects to govern local government land financial behavior:adjustment of the central-local fiscal relations,matching local government financial authority and powers;rational allocation of tax rights,build local real property tax system;strengthening budget constraints,broadened the local government financing;improve the land transfer system,adjust performance evaluation goals.In this paper,the analysis of the reform of taxation on the financial behaviors of local government land without considering the impact of the land system,the local government assessment and other factors change,so how these factors into consideration,a more comprehensive and detailed analysis of local government finance land still needs to behaviors further research.In addition,a new round of fiscal and tax reform is just beginning,limited by a lack of research data,this study is using mathematical analysis method to explore the new reform of the fiscal and taxation systems influence on land finance behavior,is not empirically using the real data.So along with the advancement of the new reform of the fiscal and taxation systems,future research can use real data for empirical research.