The Study On Tax Burden Of Real Estate Industry Under The Background Of "business Tax To Value-added Tax"

As the pillar industries of our country,real estate is the main force for the development of the national economy.For a long time,the tax burden of the real estate industry has been heavy.This has led to the local government's heavy reliance on land finance,which has affected the healthy operation of China's taxation system,and imbalances in China's economic structure and the risk of bubbles.On the other hand,resulting in abnormally high prices,heavy burdens on people's lives,and depressed consumer demand in the national economy,making economic growth weak.The reform of “Business Tax to VAT” which is in the guide of tax reduction.It is an important measure for structural reform on the supply side.After experiencing the reform“Business Tax to VAT” in the past two years,the effect of the tax reduction in the real estate industry remains to be tested in a systematic way.This paper adopts input-output method and constructs panel data model to analyze the influencing factors of tax burden on a macro level,comparing the deductible ratio and the intermediate input ratio of 60 industries.In conclusion,the real estate industry can deduct the input tax amount lower than the traditional value-added tax industry.The panel data regression models were constructed before and after the “Business Tax to VAT” to compare the changes of influencing factors.The reform had a tax-cut effect on the real estate industry,while the decline is still limited,and further policy is needed.The paper can be divided into six chapters specifically:The first chapter is the introduction part,which introduces the background and significance of the research,domestic and foreign research review,research content,research methods,and innovation and deficiencies of the paper.The second chapter explains the characteristics of the real estate industry,specifically analyzes the tax-related features of each link,and lays the groundwork for the analysis of the impact of the policy of “Business Tax to Value-added Tax” on all links in the next chapter.The third chapter specificly analyzes the impact of various policies on “real estate sales reform” on the real estate industry,each of the five links and the three major taxes.The fourth chapter mathematically analyzes the influencing factors of the tax burden before and after the “Business Tax to Value-added Tax” and uses the input-output table to analyze the offset of the upstreamand downstream industries to estimate the macro-tax burden of real estate in the last six years based on the entire industry.The fifth chapter,by selecting the annual report data of Shenzhen and Shanghai A-share listed real estate development companies,setting seven explanatory variables and assumes the relevant relationship,two multiple regression models were constructed to analyze the causes of changes in the influencing factors before and after the reform.The sixth chapter proposes four suggestions for further reducing the tax burden by summarizing the results of the macro and micro tax burden.The innovation of this paper is to construct two panel data models before and after the “Business Tax to VAT”.According to the related policies issued,compare the changes of the influencing factors before and after the reform,and analyze the reasons for the changes.The inadequacies of this article are the data after the reform limited,The research has limitations,which needs further improvement.