Real Estate Tax Cards

Some industry insiders believe that the tax policy is the round of real estate control "hole". However, when the "hole" in what way to uncover, full of suspense and game text/"Financial national weekly" reporter Wang Yuquang inadvertently, whether Shanghai to the non-business properties of property tax, has become the current round of real estate regulation of the most concerned topic.　　On the property tax reform on the road of relevant stakeholders, the game of the atmosphere seems to be suddenly tense overnight. May 25, close to the decision makers of the Shanghai municipal government to the "Financial National weekly" reporter revealed that the Shanghai real estate tax scheme was reported to the State Council on May 21. According to the plan, the levy of the Shanghai real estate tax will treat the stock room and the increment room differently.　　New housing households, if the total area of the new and old housing 70 square meters is the trigger tax points, the annual payment of the equivalent of 8 of the property market property tax. The insider said that in addition to the property tax, Shanghai's real estate regulation in the draft rules put forward more stringent provisions, including: in Shanghai local Social security for not more than three years, no loans, no loans to third time buyers. "Notice is not the third set, is the third."　　"He reminded me. The plan is the "lightest" set of three plans planned for Shanghai's real estate regulation, the person said. "May begin in mid-June." "The Shanghai version of the property tax before, has claimed to levy a" special real estate consumption tax scheme to the State Council of Chongqing, in the recent regulation of the regulations "high up, gently fall," the "special Property consumption tax" is not mentioned.　　It is also true that Shanghai's every move naturally causes high concern. by May 31, "Financial national weekly" Press deadline, the Shanghai City Levy property tax is not officially confirmed news.　　However, in the announcement of the State Council on the issue of the Reform and Development Commission, "on the 2010 to deepen the focus of economic reform," the views, "this year will deepen the tax system reform, and gradually promote the property tax reform," the clear statement, so that the real estate tax gradually approaching.　　Real estate tax rumors "lethality" throughout May, a-Shares in the property tax rumors in the ups and down. May 12, some media said that in order to achieve the immediate tax on housing, Shanghai intends to bypass the legislative approval process, the existing "real estate tax" concept to replace the property tax.　　According to the current "real estate tax interim regulations", the original property tax target is the operating property, Shanghai has proposed to expand the scope of the tax to cover more than the housing holders. May 17, the industry rumors, the National Development and Reform Commission is leading the drafting of a "more stringent" real estate control measures, more than recently introduced the "Country 10" New deal.　　The message implied that "tougher measures" was likely to be the proposed property tax expansion in Shanghai.　　Panic, the same day, a A-share real estate plate plunged, dragged down the close of the broken 5%. Bad news is then deconstruct. May 18, Huanghanquan, assistant director of the National Development and Reform Commission's Industrial Research Institute, said to the media, "no tax on property within three years." By public opinion misread as is the official stance. SeveralAt the same time, the State administration of taxation related people also said that "local governments do not have the power to introduce new taxes", "the existing tax collection scope of the interpretation, is the central authority." These are regarded as the negation of the Shanghai property tax motion.　　Affected by this, Shanghai and Shenzhen stock market real estate sector on the day the overall rally. However, the "property tax or not levy" news "hedging" then intensified. A Department of the National Development and Reform Commission, in its official capacity, said that the views expressed by the researchers were only personal views, not official positions, and that the statement "was grossly untrue and Huanghanquan".　　This remark, but also to Shanghai to expand the levy of property taxes left the imagination of space.　　May 25, the property tax rumors were blog, micro-bo (http://t.sina.com.cn) and other "new media" to the climax. First, Yang Hongxu, the General research Minister of Shanghai's Home Property Research institute, said in Sina Weibo on May 24: "The Shanghai property market rules will be introduced in the past two days, including property tax."　　Subsequently, the message was pushed to the home page of Sina Weibo, the comments quickly covered Yang's microblog pages. May 25 11:58, a netizen named "Sina Finance Peace" posted a Rhythmic "reliable message" on Weibo, saying that "the property tax will be announced in Shanghai in the afternoon." The new home purchase to 0.6%. No surprises, Xinhua news agency issued around three. "Within the next 3 hours, the message spread in a geometric multiple. As of 14:59, Sina Weibo space for its 53 repeated releases, forwarding countless.　　Tianya, SouFun and other types of websites, forums and bar, also posted full of this message.　　As of May 25 3 o'clock in the afternoon the stock market closed, there is no official announcement of the government department, and no officials to the rumor. Some securities insiders said that the afternoon of May 25 was affected by bad rumors of property taxes, a A-share real estate Plate index of the largest decline of 3.47%, more than billions of funds evaporated.　　The securities industry believes that although the real estate tax rumors surrounding the property market has made him "aesthetic fatigue", but still have to admit, "rumors of the lethality too much." "Hole" suspense property tax rumors have been repeatedly fried, inseparable from a background: the current stage of implementation of the real estate control policy, more and more people worry that it may eventually flow in the moderate, continuous effectiveness is filtered, digestion.　　The fleeting changes in market expectations are concentrated on the delicate and sensitive subject of real estate taxes-most insiders believe that tax policy is the "hole" in the real estate control. However, this "hole card" is full of suspense.　　Since 2003 the central clear property tax as a real estate tax reform direction, the various games around the tax has never stopped.　　The most superficial game is the pros and cons of "property tax can effectively curb high prices" debate. In the early years, most scholars tend to think that property tax is the most powerful way to regulate house prices.　　Those who hold this view, the Central University of Finance and Economics, the deputy dean of tax school Liu Huan and the Ministry of Finance Science Institute director Jia Kang as the representative. But in recent years, more academics are beginning to wonder whether property taxes can be "a tax on" high housing prices. Liu Shangxi, deputy director of the Ministry of Finance Research, had a rhetorical note to the "Finance and Economics national Weekly": "If you are a house-speculation, in the strong expectation that prices will continue to rise, you will care to pay a little more tax?" As long as the tax burden can be passed on, it means there is no way to suppress house prices.　　"Behind the fierce confrontation of experts ' opinions is the real interest game." Zhou Tianyong, deputy director of the Research center of the CPC Communist Party School and university doctoral tutor, said in an interview two years ago that the biggest resistance to property tax came from "vested interest groups".　　"If the person who made the tax policy had more than one set of properties, would he tax himself?" he said pointedly.　　Wang Xiaoquan, a researcher at the decision Consulting department at the National Administration College, also believes that if the game force from vested interests can be defused, the implementation of the property tax will enter a smooth path.　　From this point of view, the Shanghai version of the property tax on the stock room and the incremental room to treat the difference between the practice is actually followed the "redemption for reform" mentality. A deeper game is a systemic problem.　　According to some tax experts interviewed by Caijing National Weekly, the Shanghai proposal to levy a real estate tax actually conceals a game of central and local control over tax. Andifu, a professor of finance and finance at Renmin University of China and vice president of the Chinese Institute of Taxation, said that if the State Council agreed to a tax on local cities, it would undoubtedly be an "unprecedented" act since the reform of the taxation system in 1994, because "so far, our country has not allowed the local decision to　　So the central government will be cautious on this issue.　　And this confirms that the "financial national weekly" reporter in the last six months of interviews, often hear the general administration of Taxation, the Ministry of Finance and other ministerial level on the local levy of real estate tax, property tax pilot "idling real" and other rumors of feedback, the key words is "place does not have this right", "This is not a department can decide", and so on. And the power of local city to accept property tax or property tax depends mainly on whether it can bring benefits to local fiscal revenue.　　Shenzhen Local government officials have been to the "Financial National weekly" reporter said that the real estate tax is the regional tax or the central, the current central level has not clear stance, which directly affect their property tax idling pilot initiative. Government officials in Jiangsu Province, said that the property tax idling in the local has been piloted for 6 years, a sense of "waste of money", increased local administrative costs do not say, nor to the local economy any contribution.　　Hainan Provincial Finance Department officials worry that the land value-added tax is a local tax, is an important part of local fiscal revenue, if the introduction of property tax or property tax, will be merged into the latter, be taken away by the central government? On the other hand, after this round is called "the most severe" real estate regulation policy, the local city suddenly feel the real estate economic downturn, the financial pressure of land fiscal contraction.　　Therefore, the expansion of tax sources, the implementation of real estate holding link taxes, become a "complement" of the aspiration. In this context,Shanghai and Chongqing, which have reportedly applied to the central government for property taxes and special property consumption taxes, have been seen as representatives of some local cities, extending the game's tentacles to the depths of real estate tax reform.