Property tax deformation property tax first half of timing issued

Source: Internet
Author: User
Keywords Tax
Tags control design finance financial resources it is learned local local government
Universalis's much-watched housing price control "killer" property tax, the reality is quietly becoming more operational property tax.  This newspaper has only learned that the first half of this year's new property tax will be timing issued.  At its core, the previous tax on commercial property would also be levied on eligible residents for their own homes.  Real estate Tax The current rate is that if a house of the original value of 1 million yuan, then a year to pay a real estate tax of 8400 yuan; If the property is rented, the rental income of 100,000 yuan a year, then a year to pay a real estate tax of 12000 yuan.  Property tax deformation This newspaper learned that the central bank, the Banking Regulatory Commission, the State Administration of Taxation, the Ministry of Land, the Ministry of Finance, the Ministry of Public Security and other departments have held a discussion on the introduction of real estate tax timing, content and technical feasibility of research and coordination. A participant said that the current lack of financial resources of local Government is an indisputable fact, the central government has to consider how to give local governments to cultivate a stable and substantial financial resources.  In the past, the property tax, which had been "idling", was designed as local taxes and was considered to be one of the main sources of local income.  But the introduction of property tax there are too many insurmountable resistance, such as legal, institutional design, tax rate calculation, as a new tax, it must also pass the National People's Congress approval. And real estate tax is the existing part of the real estate of the tax, has been in the form of temporary regulations, the adjustment of its content as long as the State Council approved.  The property tax does not involve the incorporation of some land taxes.  April 22, the newspaper from authoritative sources learned that Beijing, Shanghai, Chongqing, Shenzhen Four cities will become a real estate tax pilot city.  According to the "Provisional regulations on real estate tax" issued in 1986, if the original value of a house is 1 million yuan, it will pay a real estate tax of 8400 yuan a year; If the property is rented out and the rental income is 100,000 yuan a year, the property tax is 12000 yuan a year. After the tax on residential housing, the tax rate will be adjusted, will set the threshold of taxation, below the threshold exemption, the above according to the size of the implementation of progressive tax rate. "There is a mixed argument about the threshold.  Some experts believe that the individual residents of the third housing as an operating property, it is natural to include the scope of the tax; there are also news that the scope of the property tax is adjusted to include all individual housing, the design of the corresponding tax rates. The difference between the two methods is that the first is more like a temporary regulatory measures, housing prices tend to stabilize, control policy to exit, you can lift the "third set of personal housing for the operating property" of the identification can be.  But the second method already has the intention of replacing the property tax, which includes both the operating property and the non operating room, then the property tax becomes the property tax which China has been trying to build, that is, the past real estate taxes. The reform of the property tax also faces some difficulties, such as the ability to make a reasonable assessment of the taxable property, such as the tax basis based on the valuation of the property. Whether it is accurate to determine the individual property of a resident. At present, because the information of the ministries has not been fully shared, these technical issues need to be further coordinated.  Property tax regulates house prices? In recent times, the property tax in the media's constant focus, seems to be the policy to regulate the real estate that the most effective killer, property tax once down, house prices are bound to drop.  But will the introduction of a property tax as a quasi property tax in the next two months really throw a chill over soaring prices?  The original property tax design is to be levied in the development of land value-added tax, land transfer, land use tax and so on are merged into the property tax, in the holding link by the housing owners of the year to pay.  The introduction of the concept of property tax coincides with the expansion of real estate industry, some experts and scholars naturally give it the responsibility to reduce house prices, there are many people even according to the tax levied on the merger, calculated the cost of developers to reduce, resulting in the imposition of property after the price of the decline. But the reality is that even if the cost of the developer is reduced, it does not mean that the developers will reduce the price of this part of the profits to the buyers.  This can easily cause the house price not to drop, but also more than a few decades of housing costs.  As the property tax, from the international practice, the main function is to protect the local revenue, and there is no significant function to regulate the price of real estate. According to one person who has read the draft property tax, the property tax scheme now contains only two taxes on urban land use tax and property tax, and other such as land transfer and farmland occupation tax. "Such a property tax has been seriously shape." "And in the case of the property tax cannot be promoted, the introduction of the property tax can have a big impact on housing prices?"  For investors who buy several or even dozens of of homes, the tax will undoubtedly increase their holding costs and sell them, thereby reducing demand for homes and lowering prices.  However, an official of Beijing Municipal Bureau of Finance said that China's tax policy is neutral, the main organizational income, its role in the regulation of prices is not obvious, the impact on house prices should be the credit policy.  It is not clear how much the property tax will affect house prices, but it is an indisputable fact that it can increase local government revenues. China has been trying to build the future third-largest tax, the property tax, which is real estate taxes (property taxes, property taxes). The current tax on real estate is too small a share of the entire tax system.  In most countries, real estate tax is the main source of revenue, and the target is mainly residential. At present, the lack of local government resources has affected its ability to provide public services. The recent reform of the fiscal and taxation system is also hoped that the local government to establish a pillar of the tax.  The real estate tax has been considered to be the responsibility. This round of Chinese government investment boom, the local government has shown a serious lack of money, which also led to local governments to use various means to finance, debt issuance. "Existing local taxes, the main source of income is not likely, so only rely on real estate tax to make local income."  And the property tax will not be too large if the residential non-domestic housing is not included, "says one tax researcher. 2010 China Property tax income of 83 billion, if theThere will be a big increase in the inclusion of Non-resident property. An official in the policy department believes that as long as there is no real estate tax on residential housing, it is not called real estate tax.  Once the residents for their own residential tax, the real estate tax will become one of China's main tax. He explained that the current rate of urbanization in China has reached 50%, which is expected to reach 60% in the next decade, which is almost equal to a country with a population of less than 10%. A large number of rural population will enter the city, the future demand for urban housing will have a jump-type growth.  So this piece of property tax will bring a big increase in the future, and should be a major source of local revenue, especially county-level government, should account for its main source of income. (This reporter Cheng Zhiyun also contributed to this article)
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