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Improvement Of China Property Tax Legislation Under The Principle Of Tax Equity

Posted on:2020-08-29Degree:MasterType:Thesis
Country:ChinaCandidate:D W DingFull Text:PDF
GTID:2416330572970356Subject:Law
Abstract/Summary:PDF Full Text Request
In recent years,China is having a rapid development of estate market.However,the government didn't establish a corresponding thorough real estate legislation.In case of this,a series of severe issues were caused e.g.speculation in housing market;unreasonable housing supply structure;the rising difficulty of house-purchase for normal residents etc.Hence,some major issues like the increasing inequality imbalance and the gap in the distribution have gradually become heated.The State Council stopped the Property Tax Reform Experimentation in 2014,turned to progressively accelerate the real estate tax legislation and gradually reform the real estate market mechanism.The country showed her determination of reforming the top level of real estate tax in a legislation perspective way.Furthermore,the reformation need be promoted under the protection of laws and restrained in a reasonable range.Based on these conditions,the country rights will be avoided,at the same time,the legal system will be leaded to a scope of protecting the taxpayers.However,the principle of tax equity is a reflection of the substantial justice restraining legislation.The "Property Tax Legislation" means that levying tax from only property.This article includes five parts.The first part introduces the background and significance of the paper,research status and research method.The second part is the tax equity principle and its guiding importance to the property tax legislation.Under the tax equity principle,the design of tax system should not only pursue the harmony of horizontal and vertical equity,but also achieve the integration of formal justice and substantive justice.The third part is the practice of the property tax legislation.Our estate tax collection is based on'"Provisional Regulations of the People's Republic of China on Real Estate Tax" which was published by the State Council in 1986.According to the regulation,the objects of taxation,tax basis and tax rate designing were determined based on the financial situation back in 1986.Hence,the regulation partly restricts its due functions and against legal justice.The fourth part concludes the beneficial results on building estate tax system from developed countries.In the end,basing on the principle of tax equity,this paper points out a proposal of perfecting property tax legislation.It includes the practice of broader tax collection basis and lower tax rates.Moreover,it considers rural running real estate and properties belong to enterprises as object of taxation that offers relative tax rate and policy to different types and applications of properties.In the meantime,this paper also delivers suggestions on completing current registration system and building property evaluation system.Hence,by reforming property tax legislation,the tax equity will be revealed and the society will be promoted into harmony and communal prosperity.
Keywords/Search Tags:Principle of Tax Equity, Property Tax, Improvement of legislation
PDF Full Text Request
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