The NDRC Is Planning To Introduce A Resource Tax Reform Plan, Or Just A Policy Plan.

According to the news of the Chinese government network, the State Council agreed with the development and Reform Commission's opinions on deepening the reform of the economic system in 2010. "Opinions" pointed out that the introduction of resource tax reform plan, and gradually promote property tax reform.

This year is a key year to continue to cope with the international financial crisis and maintain steady and rapid economic development. The deep adjustment and profound changes in the international and domestic economy urgently call for greater efforts to reform and further break down the institutional obstacles that restrict economic structural adjustment and the transformation of economic development mode, and effectively promote scientific development.

　　 The opinion points out that we should deepen the reform of fiscal and taxation systems.

(1) to introduce a resource tax reform plan to unify the urban construction tax and education surcharge system of domestic and foreign enterprises and individuals, and gradually promote the reform of the property tax, study and implement the reform of the personal income tax system, improve the consumption tax system, and study the scheme of levying environmental taxes.

(two) to compile the budget of the central and local governments' funds, to compile the budget of the social insurance fund, to improve the budget of state-owned capital operation, and to accelerate the formation of a public budget system covering all the revenues and expenditures of the government. We should push forward the budget transparency and improve the supervision mechanism. Study and establish a local government financial risk prevention and control mechanism.

(three) establish statistical reports on state assets and revenue management system of administrative institutions. We should improve the management system for the payment and use of state owned capital operation of central enterprises.

Property tax, levy or not?

Although it has been booming, whether Shanghai will really levy property tax is still uncertain. Not long ago, officials in Shanghai came to the conclusion that the relevant regulations on the regulation of real estate and the introduction of the real estate tax in Shanghai are in progress. However, the State Administration of Taxation said that the central government and local governments have no power to introduce new taxes and make the property tax levy suddenly changed.

Confusing property tax

Property tax levy or not is still a group of doubts.

The news began in April 8th. It was called heavy punches against property investors and suppressed the overheated property market. Shanghai intends to levy a real estate tax, which is led by the Shanghai housing security and Housing Authority, and the basic implementation plan has been set. On the same day, the website of the Shanghai Housing Authority website responded very quickly, saying that the research being carried out by the relevant departments is "completely normal" at present, but the specific levy should be determined by the national level and the local implementation should be carried out well.

In April 17th, the new "Ten States" of the property market proposed that we should speed up the study and formulate "tax policies to guide individual reasonable housing consumption and regulate personal property gains", which led to the association of property tax and property tax.

In May 4th, Ji Huaiyin, deputy director of the financial and financial department of the Legislative Affairs Office of the State Council, revealed through official media: "levying taxes on Housing Preservation links is a permanent cure for ensuring the healthy development of the housing market. It is also a radical solution to many thorny problems facing our country. Early levy is better than late levy, but it needs to be implemented step by step rather than overnight."

In May 12th, the media reported that there was a ventilation meeting attended by leaders of various district governments and relevant departments in Shanghai. The rules and regulations of Shanghai property market were discussed vigorously, including the collection of property tax. The rules will be announced soon, and property tax collection will be officially launched after the rules are promulgated. The preliminary draft takes the per capita household area as an important basis for levying property tax. If the tax conditions are met, it is necessary to pay an annual property tax equivalent to 8 per cent of the property value. The tax basis is assessed price instead of real estate transaction price.

In May 14th, Tu Guangshao, vice mayor of charge of financial affairs in Shanghai, responded for the first time, saying that Shanghai's real estate regulation rules and property tax related work are in progress.

It seems that everything is in order. However, this is not the case, and the voice of doubt is coming from the central authorities.

In May 17th, Niu Xinwen, director of the Information Department of the State Administration of Taxation, said: "according to the existing regulations, the tax legislative power is in the central government, that is to say, the central government will decide where to execute, and the local government has no right to introduce new taxes."

Prior to this, the Shanghai Housing Authority and the Municipal Industrial and Commercial Federation Housing Industry Chamber of Commerce in the number of property developers conference has been issued, property tax will be postponed to the second half of the year. In May 20th, Sina Locke also revealed that property tax might not be launched this year.

At this point, whether the property tax has been launched or not has been twists and turns, full of mystery. However, the drama is still behind.

In May 22nd, the media also revealed that Huang Hanquan, assistant director of the national development and Reform Commission's Industrial Research Institute, made a clear statement on the 17 day: "no property tax will be granted within three years."

On the 24 day, the NDRC adopted the Xinhua News Agency's external rumor, saying that the speech of the research and Development Committee of the development and Reform Commission's "no property tax in three years" does not represent the position of the development and Reform Commission. The above remarks on "property tax" are seriously misleading, resulting in extremely bad effects.

It is a real question whether the property tax that affects people's hearts is still or not. {page_break}

　 It may be just a policy plan.

In an interview with the Times reporter, Liu Shangxi, deputy director of the Finance Research Institute of the Ministry of finance, expressed the official position consistent with the NDRC: "the NDRC researchers say that three years without property tax, he is a research department, can it represent the official?"

Up to now, the central government has not set the right to levy property tax, and the attitude of the Shanghai municipal government to the property tax has been back and forth from the original "fixed". Insiders told reporters that the introduction of property tax may only be a policy plan for Shanghai to regulate housing prices. It is conceived that, according to his estimate, it will not be introduced in the short term. "The Shanghai municipal government's attitude towards housing prices is not very clear, and we can not expand our understanding without clearly saying that housing prices should come down."

The evidence is that, according to the times weekly reporter, about 10 days ago, vice mayor Tu Guangshao of Shanghai originally wanted to convene some municipal people's Congress representatives to open a forum on regulating housing prices, but later it did nothing. "Say it is busy, open another day, and then there will be no sound. It is estimated that there are new ideas, and then wait and see." The insider told reporters.

"Personal feel that the possibility of property tax is almost zero." Lu Qilin, deputy director of the real estate research center, told the times weekly reporter: "so far, nothing has been seen at all."

Tang Hui, marketing director of Shanghai real estate Cci Capital Ltd, believes that the Shanghai municipal government has not yet issued a detailed regulation of the property market until now. It should be repeatedly weighed and compared with other local governments. Shanghai, In his view, Guangzhou, Shenzhen and other places of regulation and control measures are not very strict, Shanghai should not also introduce very strict measures. The real estate tax will suppress the housing prices very obviously. Once the levy is made, the real estate industry of the more than 30 industries will be deeply affected, which will directly reduce the local revenue. "Local governments should consider fiscal revenue. If the economy is not completely improved, the introduction of property tax will be very prudent."

　　 Legal threshold for Taxation

Similarly, as a tax category for property preservation, it is generally believed that property tax is a "variant" of property tax. According to the law of tax collection and administration, there must be legal provisions for the opening, reduction and exemption of any tax. As a new tax type, property tax has complicated legal procedures. The real estate tax is a kind of existing tax, which has been stipulated in the Provisional Regulations on real estate tax issued by the State Council in 1986. It seems to be more operable.

In Liu Shangxi's view, there is no difference between the two taxes. "Property tax is property tax, property tax is property tax." However, Zhao Xijun, vice president of the school of Finance and finance of Renmin University of China, argues that property tax is different from property tax. In China, due to the fact that land can not be transferred freely, the right to use land derived from land ownership can be transferred within a certain period. The property tax includes two parts, one is the remaining years of land use rights, and the other two are buildings on the land within this period. In 1986, the property tax did not include the right to the use of the land. When the concept of "no land use right" was in fashion, it is not clear whether the property tax includes the right to use land. "If we want to levy property tax, we must clarify its concept and make sure that it includes the right to use land."

In addition, although the provisional regulations in 1986 were in the front, the current property tax in the media is still different from the concept of the year. The fourth provision of the fifth section of the Provisional Regulations provides that the individual non business housing is exempt from property tax. According to the media, the preliminary draft of the Shanghai property tax has actually included private non business housing.

"It is necessary to amend the Provisional Regulations of that year, and it must not be levied before the Ordinance is amended." Bo Haibao, a senior lawyer at Haitian law firm, told the times weekly reporter that "it is impossible to decide how to change the place unless there is a central authority."

Some experts said that from the current media coverage, Shanghai is likely to make a new explanation on the definition of operating property. It will have more than one set of housing interpreted as operating property, so that it can be collected within the scope of the Ordinance, eliminating the trouble of modifying the Ordinance.

In this regard, thin seals do not agree: "what is the calculation of business property, which is regarded as non business property, the interpretation of this problem is not a local authority, at least the State Administration of Taxation has this power."

Liu Shangxi also believes that the definition of commercial property on the local level depends on whether the central government will grant local authorities permission. "Local regulations can be promulgated, defined under the authority of the central authorities, and submitted to the central authorities for record." {page_break}

　　 Torture and rationality of Taxation

Property tax is generally considered to be a "sharp weapon" in the regulation of the property market. However, whether the effect of regulation is immediate or not, there is much debate in the industry.

"In the short term, the pressure on housing prices is very obvious. I believe that once implemented, housing prices will probably fall by 15%-20% this year." Tang Hui told reporters. In his view, once the property tax comes out, the buyer's psychology will show "one-sided", and no one will buy a house. At present, the volume of property market turnover has been very obvious. Once the new policy comes out, property prices will surely fall. However, he also said that in the long run, the impact of property taxes on housing prices is hard to say.

"Property tax should not be imposed, but must be imposed. At present, the price of housing has not fallen. This is a good time for the government to make a fist. The introduction of the property tax will certainly squeeze out speculators, with high taxes and progressive taxes. Even the well capitalized speculators will not matter. Hype is low, housing prices are definitely coming down. " Yi Xianrong, a researcher at the Financial Research Institute of the Chinese Academy of Social Sciences, told the times weekly reporter. "We should quickly formulate a standard to consider comprehensively which housing can be tax-free, and those occupying housing, high value housing and housing for profit must be imposed."

However, Lu Qilin believes that the news of the real estate tax levy can only be said to have changed the market's expectations, which will have an impact on land sales and transactions in a short time, but whether it will bring down house prices is not clear. "The current regulatory policies are extremely pressing demand, property tax is still in the category of pressing demand, in order to achieve a balanced supply and demand in disguise. The most important thing is to increase supply in order to avoid retaliatory rebound in house prices.

In Liu Shangxi's view, "levying property tax will only make housing prices even higher. It is very simple that taxes will be transferred to buyers, thereby pushing up housing prices. Unless the levy is far greater than the gains from rising house prices, such as the doubling of housing prices in 5 years, taxes quadrupled. If so, what follows is the collapse of the real estate market.

There are indeed buyers who fear tax transfers. Miss Zhang, who is preparing to buy a house in Shanghai, says that most of the second-hand housing transactions in Shanghai are based on the landlord's "get the price". All taxes and fees are borne by the buyer. Once the property tax is levied, it is likely that the buyers will pay the bills as usual, and the housing prices will be pushed up in disguise.

This also leads to the question of the rationality of property tax levy. "Taxation is not necessary. It depends on what the purpose is. The purpose of property tax levy is to create a new source of income for local finance. The real estate tax is a small tax, which can not levy much money, and the cost of collection is very high. If it is to curb house prices, the tax will not make much difference. " Liu Shangxi said.

Zhao Xijun told reporters, "whether to levy property tax, the legislative department should first clarify the purpose of taxation. If it is to provide revenue for the government, the government must balance the relationship between income and expenditure and the relationship with the local economy. If it is to make some economic phenomena more fair, then if we can reduce the vacancy rate of housing and improve the efficiency of asset utilization, it is also a good tax cause. However, in my view, the real estate tax only increases the cost of holding the house, and can improve the efficiency of asset utilization. It is hard to say that there is no direct relationship with the rise or fall of housing prices. "

"The reason for taxation is very hard, very clear, to do so according to this principle, that is no problem, otherwise, we need to think again." Zhao Xijun said.