NEWS CENTER

Ministry of Finance to consider promoting property tax reform pilot scope is expected to expand


Release time:

Dec 12,2011

The reporter learned yesterday that Jia Kang, director of the Institute of Financial Science of the Ministry of Finance, said that the general direction for the further promotion of real estate tax in the future has been clear, and the pilot real estate tax in Chongqing and Shanghai will be summarized at the end of this year. At that time, we will discuss and decide on the next plan to expand the pilot. In an exclusive interview with a reporter from the China Securities News a few days ago, Jia Kang said that recently, the leaders of the Ministry of Finance expressed their opinions on actively summing up experience and considering further promoting the reform of the pilot property tax reform, which is a very clear policy signal. In other words, in the future reform logic, we will understand and think about how to further build property tax in China, how to make

The reporter learned yesterday that Jia Kang, director of the Institute of Financial Science of the Ministry of Finance, said that the general direction for the further promotion of real estate tax in the future has been clear, and the pilot real estate tax in Chongqing and Shanghai will be summarized at the end of this year. At that time, we will discuss and decide on the next plan to expand the pilot.

In an exclusive interview with a reporter from the China Securities News a few days ago, Jia Kang said that recently, the leaders of the Ministry of Finance expressed their opinions on actively summing up experience and considering further promoting the reform of the pilot property tax reform, which is a very clear policy signal. In other words, in the future reform logic, we will understand and think about how to further build property tax in China, how to make real estate regulation and control get more substantive promotion in system construction, how to deepen supporting reform, build local tax system, how to strengthen the redistribution mechanism from income to property, and how to restrain the bubble in the middle of real estate operation. "As for which cities, it is still difficult to determine". In a word, the general direction of real estate regulation in the future is to gradually replace the administrative means such as "purchase restriction order" with economic means such as real estate tax.

Yesterday, an Tifu, vice president of the China Finance Society and professor of the National people's Congress, told our reporter that he believes that the pilot property tax will certainly be expanded in the future until it is implemented throughout the country. In the future, the expansion of its pilot scope should first face developed large and medium-sized cities, that is, areas with high housing prices, in order to curb the excessive growth of their housing prices and play the regulatory role of real estate tax. He believes that the property tax in the future to expand the pilot, should gradually reform its collection and management program. At present, the collection object is narrow, only involving new houses and villas mansions and so on. In the future, new pilot projects should gradually include residents' existing large-scale and high-unit-price houses, not just for new houses.