News says property tax is hard to launch in two years

Source: Internet
Author: User
Keywords Local government taxes
Tags economic economic observer hard information it is it is possible learned local
According to the Economic Observer report as a tool to curb house prices, the recent introduction of property tax news. Reporters from the authoritative channels learned that a two-year property tax is unlikely to launch.  However, it is possible to gradually introduce some relevant measures according to the need of regulation, such as the real estate differential tax policy that is now in effect. It is learnt that some technical difficulties in the implementation of property tax, such as registration of real estate information and valuation of property, have found a solution in some local trials.  Property tax technology has no problem, but the overall introduction of property tax in the future, the most need is an ideal external environment. Property tax is a local tax, the future levy will depend mainly on the enthusiasm of local governments. One industry insider said: "If the property tax is to smooth out, first of all, to the local government to block the road to land sales, the local vested interests will be reduced, then they will consider through the regular channel to gain benefits."  "At the moment, the environment is clearly not there." A person close to the Treasury said that many local governments have just begun to support the pilot of property tax, because the property tax can now be returned to the county, local, this should be a good thing for local governments, can improve local revenue system, income stability of the main tax. However, after many local governments went back to study, they were unwilling to carry on, because the overall property tax would reduce the local government's land transfer income and the property tax would obviously have a greater impact on the real estate market. ”
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