Property tax is difficult to introduce a real estate tax or substitute

After the new real estate control policy has been introduced, the rumours about the imposition of property tax policies to curb speculative home purchase have been continued, including retention tax, property tax, consumption tax and so on.　　In this regard, the industry believes that the property tax in the short term may be difficult to launch, and expand the scope of tax revenue, and the possibility of its replacement is greater.　　To curb the rapidly rising housing prices, 14th this month, the State Council convened a standing meeting to demand more stringent differential housing credit policies to curb speculative buying, and accelerate research to develop a reasonable guide to personal housing consumption tax policy.　　For the differential credit policy, there are "two house first payment shall not be less than 50%, the loan interest rate must not be lower than the benchmark rate of 1.1 times times" the specific measures issued; As a result, rumors of a property tax, a special excise tax on property, a housing tax, and a property tax have been on the market.　　However, the industry believes that the short-term property tax is unlikely to be introduced, the appropriate expansion of the levy range of real estate tax has a strong operability.　　The "Property tax pilot" is inaccurate. Short-term Neinian the introduction of property tax also known as property taxes or real estate tax, mainly for land, housing and other real estate, the tenant or owner to pay a certain amount of tax every year, and the tax value should be paid as the real estate market value increased. At present, most mature market economy countries in the world are imposing property tax on real estate, and taking possession of property as the basis of taxation and the value of property.　　According to international practice, property tax belongs to local taxes and is an important source of national financial stability. According to the data disclosed by the Ministry of Finance, in 2009, China's land value-added tax, arable land occupation tax, deed, real estate tax and urban land use tax five of the total income increase of 115.551 billion yuan, the contribution to the revenue growth of 21.8%.　　Combined with real estate sales tax and housing transfer personal income tax, the total amount of land and real estate-related tax increase accounted for more than 35%. Since property tax revenue is the main source of government revenue and public expenditure, and it is the main means to curb real estate speculation and rational allocation of real estate resources, the idea of levying property tax has been widely circulated in China.　　At present, whether the levy of property tax, property tax rate is the focus of market attention. According to Economic observation Network 22nd reported that the property tax in 4 cities pilot has been approved by the State Council.　　Chongqing, Shenzhen and Beijing will be launched in advance, and the Shanghai pilot will be postponed to the World Expo. reported that the above property tax pilot in principle will adopt a progressive system, in accordance with huxing from small to large progressive tax increase.　　After four pilot projects, the property tax will be extended nationwide.　　Gao Peiyong, deputy director of the Institute of Financial and Trade economics at the Chinese Academy of Social Sciences, said the statement was "very imprecise". 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 tax reform can onlySay "in a state of discussion and study".　　According to China's current regulations, the introduction of new taxes must be considered by the National People's Congress.　　Zhang Peisen, director of the Tax Science Research Institute of the State Administration of taxation, also said that the current property tax scheme is still under discussion, many system and technical problems have not been resolved, so this year almost no possibility of the introduction. Zhang Peisen Analysis said that the levy of property tax, to solve the relationship between property tax and land transfer money, but so far the relevant departments have not reached a consensus, "if the transfer of land into the property tax, it is necessary to consider the central centralized levy to the local distribution after the return of the issue, but the income level of land transfer is not the same, how the future distribution?" How to set the proportion? What is the way to transfer payment? At the same time, the introduction of property tax also faces some technical problems.　　Zhang Peisen pointed out that before the introduction of property tax, the need for land inventory, increase, the stock of housing, incremental calculations and estimates, because the determination of the tax base needs such data. And the property tax on different ownership of the property how to distinguish between tax, also in the discussion. "It's a question of how to levy on a unit of property and how to levy it on individual property."　　"Zhang Peisen said. To set up a property tax or to make a move. At present, China's real estate tax division of real Estate acquisition, trading and maintain three links, the tax system has more than 10 related taxes.　　Among them, the property tax, the property tax all belongs to maintain the link the tax. At home, because of the need for the introduction of property tax policy preparation and technical preparation are more complex, and the new tax needs to be voted by the National People's Congress, in the short term difficult to launch.　　Therefore, the proper expansion of existing property tax scope, in order to replace the "property tax" function has become a consensus in academia.　　According to the Shanghai Securities Daily, the finance and Taxation department has decided to focus on the adjustment of property tax in the future, by defining the third suite and more than three housing units as operating houses to incorporate the property tax levy.　　reported that the real estate tax is the most likely to be sacrificed in the existing property tax control tool, in accordance with the current temporary housing taxes, all of the private property can be exempted from the real estate tax, but the regulations do not specify the scope of business properties.　　Zhang Bin, director of the Department of Finance and Finance of the Chinese Academy of Social Sciences, said the analysis, to the private housing in the holding link tax, only the State Council of the "real estate tax interim" to amend the individual housing cancellation tax concessions can be.　　Liu Huan, deputy dean of the Taxation Institute at the Central University of Finance and Economics, said that the existing property tax was more operable from the effect of implementation. According to the provisional regulations on property tax issued in 1986, the property tax is based on the object of the House, in accordance with the original value of real estate deducted from 10% to 30% after the calculation of the residual value of payment, the tax rate is 1.2%, no real estate based on the original value, by the location of the tax authorities　　The tax rate is 12% for the property tax based on the rental income. Liu Huan Accordingly, the property tax can be adjusted to: the basic housing exemption, more than 90 square meters and more largeType is no longer exempt.　　After the tax has been taxed, the price of the house has been reduced. What impact will the levy on the property market bring, and the analysts ' opinions are different. Senior Real Estate experts Chen Limin analysis that the property tax is periodic levy, every six months or every year, is from the value of the house to skim out into the cost.　　In the long term, house prices are under pressure. He said the government would certainly discriminate against the target and not "kill the wrong Citizen". Because, the government's goal is to let house prices more consistent with the level of consumer acceptance, the threshold to reduce the purchase.　　If the prices of low-cost housing are unified, the government has lost the original intention of property tax. Ye Tan, a renowned scholar, said that the levy of property tax is definitely a heavyweight policy, so that the cost of owning the property is greatly increased.　　The property market will continue to collapse, and the relevant industries around the real estate will also reduce prices.　　Tan analysis said, property tax before the levy, short-term speculators have panic shipments, long-term investors are still watching, real estate developers will use their own funds to continue to support, housing prices will be a smooth period of time. and property tax Once the levy, these operations will be in advance, short-term investors panic shipments, long-term investors panic shipments, the price of the real estate and the early rise of the previous rally will be the first depreciation.　　Once prices start to fall, they will not stop the car, a "domino effect", the whole property price will collapse.　　The experts of the National Information Center Forecast Department pointed out that, because our country current real estate tax system does not levy the real estate tax to the resident own property, the speculators "hoarding" the real estate the opportunity cost is low, the speculative demand exuberant, causes the real estate market the false prosperity.　　The experts said that once the introduction of the property tax, for speculators, will be the confidence and expectations of the blow, by raising the real estate costs, increase the risk of "hoarding" real estate, can be achieved to curb real estate speculation.　　At the same time, higher holding tax rate can avoid the owners vacant or inefficient use of real estate, to revitalize the existing housing stock, stimulate the flow of stock room, promote the development of the two-tier market, so as to better realize the housing "residential housing-second-hand housing," the cascade consumption, to meet the different income class　　Premier Wen Jiabao April 14 presided over the State Council executive meeting, said the meeting will implement a strict differential housing credit policy, resolutely curb the rapid rise in housing prices. April 17, the State Council issued the "about resolutely curb the rapid rise in the prices of some cities," the notice of strict restrictions on the various names of speculation and speculative housing.　　The notice also requested the Ministry of Finance, the general administration of taxation to expedite research and development to guide individual reasonable housing consumption and adjust personal property income tax policy. Affected by the regulatory policy, real estate stocks in Shanghai and Shenzhen fell sharply, in the 6 trading days from April 15 to 23rd, the real estate industry overall decline of 12.34%, ranked first in the two cities.