The strict management of land value-added tax will restrain the profiteering of housing enterprises

The State Council 17th issued a "State Council to resolutely curb the rapid rise in the prices of some cities," notice that the tax authorities to strictly in accordance with the tax law and relevant policy provisions, seriously do a good job of land value-added tax collection management, the price is too high, too fast real estate development projects to focus on liquidation and　　Experts believe that this policy can, to a certain extent, curb real estate profiteering, conducive to housing supply structure adjustment. The land value-added tax is designed for the excess profits of real estate projects, which is intended to rationally adjust the land value-added income and standardize the transaction order of land and real estate market. According to the "Land value-added tax provisional Regulations", the land value added tax is the land and the ground building as the object of taxation, with value-added as the basis for tax, and in accordance with the four-level rate of progressive tax rates, the highest rate can reach 60%.　　At present, the levying of land value-added tax in China mainly adopts the combination of pre and liquidation.　　However, due to the pre rate of land value-added tax is low, many housing enterprises to meet the liquidation standards and in various ways to postpone liquidation, land value-added tax has not been able to fully play the role of adjusting the value of land value-added, and the State Council to strengthen the land value-added tax management, the purpose is to play the role of "Strict implementation of land value-added tax policy, to a certain extent, to curb real estate enterprises profiteering."　　Professor Zhao of University School of Economics and Management believes that the land value-added tax strictly liquidation will significantly increase the tax cost of enterprises, reduce the level of profits of the housing enterprises, and thus reduce the enthusiasm of the housing enterprises. Liu Huan, vice president of the Taxation College of the Central University of Finance and Economics, coincides.　　He believes that by increasing the pre rate of land value-added tax and the timely liquidation rate, it can narrow the profit margin of real estate developers to a certain extent. In the adjustment of housing supply structure, land value-added tax can also play a role. According to Zhao, for different types of commercial housing, land value-added tax pre tax rate and the actual liquidation rate is not the same.　　If the strict levy of land value-added tax, it will undoubtedly increase the cost of non-domestic housing, in turn to ensure the effective supply of ordinary housing. It needs to be pointed out that many experts, including Zhao, believe that the strict levy of land value-added tax on the control of house price rise is not necessarily effective, to control the rapid rise in housing prices should fundamentally solve the problem of supply and demand contradictions. Concerns that the land value-added tax could be shifted to consumers ' heads Zhao that the land value-added tax is in the real estate project has been sold or at least 85% after the sale of the liquidation, so the tax and real estate development links to the business tax and other turnover tax, like 100% passed on to consumers is not likely.