Tax Reform: Local Governments Are Also Racking Their Brains.

With the advance of tax reform, local governments lacking funds are trying to increase their revenues.

According to Peng Bo, the Ministry of finance is reforming China's tax system, and details of how local governments will increase their tax revenues will be introduced in the coming weeks or months.

According to Peng Bo's report, according to the proposals made by former government officials and tax experts in Beijing, these measures include giving the pension plan to the central government and the consumption tax revenue from the central government.

Or allow local governments to levy new taxes on real estate.

In terms of social security, unlike other countries in the world, China mainly relies on local governments to provide social benefits such as pensions.

Zhang Guang, a professor of public affairs at Xiamen University, wrote in the UK that it should break the fragmented situation in which the local governments are responsible for the fund-raising, operation and distribution of pension funds in their respective jurisdictions, and turn to the central government to shoulder the main responsibility of providing social security.

First of all, the basic old-age insurance for urban workers can be done by the central government.

Since 2011, the property tax has been in Shanghai.

Pilot, in 2013, property tax pilot expansion was confirmed.

Last year, the National People's Congress completed the drafting of the real estate tax, but it was shelved because it worried about the impact of sales and the slowdown of the housing stock in small and medium-sized cities.

Wang Dehua, an associate professor of the Institute of financial strategy of the Chinese Academy of Social Sciences, said, "because with

Such as building property tax can become the main tax of the place, it can supplement local revenue, so the problem will be solved a lot. "

Since May 1st, the most important tax reform in China over the past 22 years has been officially launched in the whole country.

The original business tax which belongs to the local tax has disappeared since then, and the source of the tax revenue of the local government needs to be solved urgently.

According to the Transitional Plan, the central and local governments of value-added tax will be divided into 55 proportions.

In the reform of fiscal and taxation system, consumption tax reform plays an important role in the reform of central and local relations.

The economic reference Daily reported on February that, as one of the important contents of tax reform in fiscal reform, the consumption tax will be changed to central and local tax sharing in the future.

Shi Zhengwen, a professor at China University of Political Science and Law, said: "cigarettes, alcohol, refined oil and vehicles account for most of the consumption tax revenue. In the future, cigarette collection in the wholesale link may be extended, which can be levied by the Local Taxation Bureau.

Cosmetics, jewelry, jade, firecrackers and fireworks can be used as local tax items.

Refined oil may also be changed to local taxes. "