Experts say property Tax 4 Pilot approved statement not very exact

Source: Internet
Author: User
Keywords China China taxes
Tags added agency economics entering finance media national people's congress process
According to the Xinhua news agency, in response to the 22nd media-related property tax in 4 cities in China, the pilot has been approved by the State Council, Gao Peiyong, deputy director of the Institute of Finance and Trade and Economics of the Chinese Academy of Social Sciences, said this statement "is not very accurate." Gao Peiyong said that the introduction of a new tax, through a series of stringent legislative procedures, not overnight. Without entering the legislative process, any reform of taxes can only be said to be "in a state of discussion and research".  According to China's current regulations, the introduction of new taxes must be considered by the National People's Congress.  He added that property tax pilot approved the rumors of the "old tax" property tax and the "new tax" to confuse the property tax, so that the tax department around the adjustment of property tax planning action, especially in the brewing pilot, was mistaken as the government levy property tax widely passed. Although the real estate tax of "old tax" is based on the value of real estate or rental income of real estate, it is generally only levied on enterprises and administrative institutions, and the taxpayer subject of "new tax" is the resident individual.  The expert said that the current "idling" and possibly even the so-called "property tax" in the "real-turn" pilot scheme were merely adjustments to the existing tax system, namely the adjustment of the "old tax" property tax rather than the proposed property tax. Since last year, China's property market entered a new round of crazy rising period, caused many worries. Gao Peiyong said that the property tax in China "has arrived at the time of the non-levy," but the current levy also faced difficulties in the short run.  For example, the current tax management mechanism is difficult to adapt to this need. He said that what China is going to do now is to take the current property tax adjustment as a breakthrough, for the future property tax levy to explore, and thus start to end the personal property of the residents at the level of tax-free status, to build a combination of organizational income, regulation and distribution and stable economy three major functions, and adapt to the perfect socialist market economy development needs of the modern tax system.  And that requires a "concerted effort" from all sides. 22nd, the media quoted sources said that the property tax in 4 cities pilot has been approved, of which Chongqing, Shenzhen, Beijing will be launched in the first three, Shanghai pilot postponed to the World Expo. After four pilot projects, the property tax will be promoted nationwide.
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