Research on Taxation Causation and Countermeasures of Estate Bubble in China

摘要

The sign of real estate bubble in some areas of china has brought potential risks to the sustainable and healthy development of real estate. As a major macrocontrol lever, the tax revenue should play a role in suppressing real estate prices and eliminating real estate bubble. Various problems exist in the current real estate tax system such as severely repeated tax collection in development links, unbalanced tax and fee burden between circulating and retention link, low tax rate of related tax and unreasonable tax accounting basis, imperfect supporting systems of the property registration and the real estate appraisal, and insufficient tax collection and administration and so on, which restricted the regulating function of taxation. The author gives corresponding proposals such as thinning rent and combining taxes and fees to reduce the tax burden in the development links, reasonably designing tax collection measures in circulating link to curb investment demand, introducing Land Tenure Tax and Property Tax to increase taxation in retention link, increasing relevant tax rates and improving taxable basis to exert the regulating function of taxation, and strengthening supporting systems and tax collection and management to prevent tax erosion. Through these reforms, the regulating function of taxation may be fully exerted, which ensure the healthy and stable development of real estate market in China.