Why is the property tax bound to be collected?

Recently, Lou Jiwei, Minister of Finance, said at the G20 meeting that due to the weak information collection ability and obstacles in interest adjustment, the real estate tax reform has not yet launched a formal plan, but the next step will be to "push forward the reform without hesitation". Since the property tax was put forward in 2003, the discussion on real estate tax has gone through 13 years. People have discussed countless issues such as the collection and non-collection of real estate tax, tax rate, tax-free design, the impact on the property market and the relationship with land transfer fees. Property tax will definitely be collected.

This is mainly because the real estate tax meets the needs of the government. First, levying real estate tax can provide a steady stream of tax revenue for local governments, and the government has sufficient motivation to develop new tax sources. At present, the government is highly dependent on the income from land transfer. After the full implementation of the reform of the camp, cultivating the main types of local taxes has become an important task in the reform of the fiscal and taxation system. The real estate tax in western countries accounts for more than half of the local government expenditure, and the real estate tax in the United States is almost the source of primary education funds. Real estate tax is a tax based on the collection of real estate value, which has relative stability and long-term sustainability and can solve the problem of "land finance".

Second, levying real estate tax can effectively limit the investment demand of real estate and curb the excessive rise of housing prices. Use tax leverage to limit speculation and make the housing market truly a consumer market. As long as the money-making function of housing is removed through tax policy, the rise of housing prices will be curbed. This is the most important and simple way to solve the madness of housing prices.

Third, with the Gini coefficient rising, levying real estate tax is conducive to income redistribution. At present, China has only one individual income tax among the four major taxes that regulate income worldwide, namely, personal income tax, property tax, inheritance tax and capital gains tax, which is obviously not conducive to regulating income distribution. It can be said that no asset can compare with real estate in terms of wealth accumulation and inheritance, value preservation and appreciation. Real estate tax belongs to property tax, and the rich who own a lot of real estate will bear more tax burden, which can make up for the deficiency of the current tax mechanism that can promote fair distribution.

Therefore, from the perspective of ruling demand, real estate tax will really come. But it won't come right away, because the implementation of real estate tax also has interest resistance. At present, China's economic credit is based on real estate. In order to ensure that asset prices do not fall sharply, the central government has implemented a loose monetary policy, and even land prices have been heated up, just to support housing prices with land prices. With the introduction of real estate tax, the investment value of real estate will be greatly reduced, which will affect the credit of the government and enterprises, and the maintenance of asset prices will be full of variables.

In addition, the legislation of real estate tax is a major systematic project, which affects the government, developers and everyone. It is not just a new tax, but a new tax and fee system in the real estate field. It can even be said that this is a thoroughly remoulded project. It is estimated that such a big project will not be completed in a few years.

(The above answers were published on 20 16-07-3 1. Please refer to the actual situation for the current purchase policy. )

Click to receive the red envelope for viewing the house, and directly receive 100 yuan in cash.