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Property Tax Has A Positive Effect On Low-Income Groups.

2011/1/13 16:30:00 51

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On the afternoon of January 12th,

Treasury Department

Jia Kang, director of the Institute of Fiscal Science, pointed out in his speech in Hangzhou today.

Property tax

The pilot reform is a problem in the aspect of national system construction. It can promote the optimization of social wealth redistribution, make the whole society enjoy harmony, and only have positive effects on the low income class.

Jia Kang said at the 2011 Golden Bridge forum in Hangzhou that the real estate industry is a national.

Economics

A very important part is that the implementation of property tax has important positive effects on the long-term development of the real estate industry, including the reduction of bubbles and healthy development.

He also pointed out that the implementation of property tax is a problem of national system construction and can not be considered unilaterally from the real estate industry.

"The real estate tax will contribute to the construction of China's supporting reforms, including the promotion of the necessary local style system."

He said.

Jia Kang believes that the pilot reform of property tax is very important because it can promote the optimization of social wealth redistribution.

In the course of reform and opening up, those who get rich first will have the ability to bear. Paying the property tax can contribute more to the Treasury, and the money coming from the Treasury can speed up the improvement of the low income class. This effect is good for everyone and the whole society enjoys harmony.

In view of the dual track system proposed by mayor Huang Qifan of Chongqing, that is, 30%-40% building public rental housing and 60%-70% building commercial housing, Jia Kang said that this will enable the housing conditions of the middle and low income groups to be improved faster, and only have positive effects on them, without any new burden.

For the general middle class, including the working class, he said that the government should show its attitude, set up a per capita household standard, promise that there will be no tax coverage below the standards, and for those with high-end or incremental housing, the tax standard must also be within their affordability.

In view of the operability of property tax, Jia Kang believes that in the process of reform with Chinese characteristics, it can only be implemented through a pilot scheme in some cities, and he encourages Chongqing or Shanghai to take the lead in the pace of reform.

"Only a few cities try first, then we can improve and perfect this institutional framework more rationally."