The Study Of China's Real Estate Industry Tax Burden And Its Industry Growth

In the process of sustained high-speed growth of China's economy,investment,consumption and export are called the "troika" of China's rapid economic growth,of which the strongest driving force is investment.As an important part of investment,real estate is an important part of the total social demand,which is indispensable to the economic development of our country.The tax burden is the core of a country's tax system,which ultimately reflects the distribution relationship between the government and the tax payer.The size of the tax burden of the industry and its fairness and rationality are not only directly related to the behavior choice of the industry market subject,but also affect the growth of macro economy.As the backbone industry of the national economy,the real estate industry is characterized by large amount of financing,high degree of correlation,long industrial chain and strong driving force.Therefore,the impact of the healthy development of the real estate industry on the national economic system cannot be underestimated.Therefore,the sound operation of the real estate industry has always attracted much attention.For real estate enterprises,to achieve sustainable development,maintaining sufficient cash flow and profitability is the key,and the impact of tax burden on earnings and cash flow cannot be underestimated,so the factors that affect the tax burden of enterprises becomes the focal point inevitably.This paper extracts the related data from the China Taxation Yearbook from 2008 to 2018.Based on the analysis of macro-tax burden,this paper investigates and analyzes the current situation of tax burden of real estate industry,and found that the growth rate of the GDP contribution rate of my country's real estate industry does not match the growth rate of the tax burden level of the real estate industry.In the empirical analysis,we first analyzed the correlation between the tax burden of China's real estate industry and its industry growth from 2008 to 2018,and concluded that the GDP contribution rate of the real estate industry has a positive correlation with the actual overall tax burden of the real estate industry,but there is a negative correlation between the real estate industry's GDP contribution rate and the growth rate of the real estate industry's tax burden.Then,using the 2013-2018 data of listed real estate companies as a sample,a correlation analysis of the factors that affect the actual overall tax burden of listed companies in the real estate industry is carried out.The results show that the turnover tax burden,profitability and the actual overall tax burden are positively correlated.The asset-liability ratio and long-term debt ratio are negatively related to the actual overall tax burden.Finally,in order to improve the match between the growth of China's real estate industry and it's tax burden,a series of suggestions for deepening the reform of the real estate industry's tax system and rationally planning the real estate industry's tax burden factors were proposed,aiming to realize the high-quality development of the real estate industry through the linkage between the economic indicators of tax burden in the real estate industry,so as to promote the national economic growth continuously and stably.