Research On The Functional Orientation Of China's Real Estate Tax Reform

Since the end of housing distribution in 1998,China's real estate industry has entered a period of rapid growth.At present,the real estate industry has formed an important pillar industry of China's real economy,effectively promoting GDP growth.The development of real estate has also made house prices triumphantly.The rapid rise in housing prices has seriously affected the resource allocation of real estate:some rich people have multiple sets of housing at the same time,and many people can't afford housing because of high housing prices;housing demand is rising while There are also a large number of housing vacant.These problems have seriously reduced the efficiency of the use of housing and the waste of resources.In addition,since the current value of real estate accounts for nearly 70%of the total wealth of our residents,the increase in housing prices further increases the wealth of housing residents,while the residents without housing enjoy the rise in housing prices.The gains from capital gains have widened the gap in wealth among residents.In terms of tax reform,after the completion of the 2016 VAT reform in China,the value-added tax replaced the business tax.As the value-added tax belongs to the central government,the tax revenue has led to the local tax gap after the reform of the camp.From the perspective of fiscal revenue,the local government has also become more Relying on land-sending income,land is scarce and resource-selling,and it is not the choice of sustainable development.The shortage of land resources has caused financial crisis in some regions,which has seriously affected the function of local govermment.Local taxes are mostly small taxes and have high collection costs.There is a lack of long-term stable main taxes that are decisive for local finance.This has caused local governments to face a large gap in raising funds.In term of the above problems,we need to find a solution that can regulate real estate and narrow the gap between rich and poor and increase fiscal revenue.This paper analyzes its functional role and conducts specific research by combining the traditional theory and contemporary perspective of real estate tax.Theoretically,it analyzes the functional orientation of real estate tax and believes that the primary function of China's current real estate tax should be to improve the efficiency of housing use,adjust the gap between rich and poor and increase fiscal revenue as its auxiliary function.Then take Shanghai as an example to analyze the current status of China's real estate tax reform,and analyze its effect on reform and implementation by analyzing its role in regulating real estate use efficiency,adjusting the gap between rich and poor and increasing fiscal revenue.Then,by learning from the experience of real estate taxation in developed countries and drawing lessons from it,we put forward suggestions and ideas for the comprehensive promotion of personal housing property tax reform in China.