News That Shanghai Will Pilot Property Tax In June

Reporters learned from authoritative sources that Shanghai will launch a new property tax policy in June, when a policy of principle is introduced, and the specific implementation may be pushed back.

Prior to this, the network has reported that the decision level decided that in the first half of the year, according to the trend of housing prices, the new property tax policy was selected.

The Ministry of finance has been hoping to have some pilot property taxes in cities, just like three years ago, when some property tax cities were urged to make real pilot projects.

In 2007, the Ministry of Finance had tried to carry out real estate tax in some cities. For this reason, a minister of finance has personally sought the six cities and departments of Finance and taxation when the time and space changed.

However, several cities have indicated that the pilot will bring adverse effects to the local economy and make some real estate development enterprises flow into the surrounding cities.

The Ministry of finance has said that the Ministry of finance will make up for the losses caused by the actual pfer, but this mobilization has not been effective.

Related people said that the property tax after the deformation of property tax, Shanghai has been actively preparing for all aspects of measurement and analysis.

Although the implementation is very difficult, Shanghai hopes to be one of the highest price cities in the country, and can do some things in regulating the price policy.

Last week, a number of experts and scholars and local tax officials analyzed the necessity and feasibility of the implementation of the property tax. After that, it was considered that the current tax collection for residents' housing is still not mature, and it is prudent to introduce policies.

There are no other three cities in the four pilot cities that have identified the action of property tax. Some experts have analyzed that the revision of the Provisional Regulations on property tax will be held by the Ministry of Finance and approved by the State Council, but the detailed operation plan will be completed locally. The implementation of the pilot depends to a greater extent on the tax environment and willingness of the local government.