Ren Zhiqiang: There Is No Reason To Levy Property Tax; &Nbsp Will Only Push Up Housing Prices.

At 13 p.m. on October 25, 2010,

The following is a pcript of Ren Zhiqiang's speech:

Ren Zhiqiang: according to the countries that have already collected property tax in developed countries, the first prerequisite is that when people get assets or assets, they are exempt from money assets when they are converted into funds.

Second, the concept of property tax, which we are talking about now, seems to be aimed at suppressing real estate, which must be a mistake.

Third, property tax can be levied only if there is complete pparency.

Our country has more than 20 kinds of houses. In the compound of the State Council Administration, if you do not have a real estate certificate, you do not even know who the house is. We have many appraisers throughout the country. If we evaluate our house, it will take 100 to 150 years. The existing Appraisers in Shanghai need to evaluate the house for one year, and they may need more than 20 years.

The houses we sell now are many rough rooms and fine decoration. If our right is that you can't knock in and see your home decoration, why do you give people an assessment? Because when the house is sold, there are still decorations. This decoration may be more expensive than buying a house. This is unrealistic.

Because the concept of developing countries is low income and no property tax.

Our property tax is a universal system, before we can say how it is.

Property taxes will not lower housing prices, but will only increase housing prices.

All the countries that implement the property tax will have a much lower threshold. For example, we now have land use fees, a lot of farmland occupation fees, and value-added tax, business tax and so on. The tax in front will probably account for 70%. For example, when the United States is developing the western region, he will give the land to investors in the west, and then he will spend the cost in 100 years. If the real estate does not cut down the cost, no one will invest in the West. Instead, our government wants to use the right to use it for 70 years.