www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Way that property is taxed may be changed

By Zheng Yangpeng (China Daily) Updated: 2015-12-11 07:18

Way that property is taxed may be changed

A man examines property models at a housing sales center in Hangzhou, capital of Zhejiang province. [Photo/China Daily]

The government is reported to be considering merging two categories of property-related taxes to eliminate redundancy.

Citing sources from "relevant authorities", the official Economic Information Daily reported this week that two existing taxes-on holders of real estate and users of urban land-will be replaced by a more proper property tax to be collected by local governments.

The newspaper is affiliated with the official Xinhua News Agency.

The news caused quite a stir in the Chinese business media and among homeowners, although no details were given about when the new tax would be established.

China's current property tax system is a hodgepodge of local taxes levied on construction, sales and holding of land and buildings.

The proposed merger of the two taxes would cover only a small portion of the total pie but may point to the future evolution of China's property tax system.

The two existing taxes in question are based on area rather than market value. By comparison, the proposed new property tax on commercially used property would be based on market value, while the tax on residential property is not clear, the report said.

But any proposed change is likely to be controversial, the report said.

"Taxing on the basis of market value will be a big challenge because property prices in major cities have risen to such a level that even a 1 percent rate would be a heavy burden for ordinary people," said Yang Zhiyong, a researcher with the Chinese Academy of Social Sciences.

The two taxes, according to the Ministry of Finance, totaled 384.4 billion yuan ($60 billion) in 2014, accounting for 6.5 percent of local governments' tax revenue.

The report said all new tax revenues would be assigned to local governments.

It also said the new tax rate would be decided by local governments.

Shi Zhengwen, a professor of fiscal and tax law at China University of Political Science and Law, said property taxes will be a major revenue stream for local governments in China, but building the system may take 10 to 20 years.

The Ministry of Finance did not respond to a request for comment.

"There are still many questions to be answered," said Ma Jun, a researcher with the Chinese Academy of Social Sciences. "How is the new tax to be levied? For example, will it cover all existing homes or only new homes? Will it cover all housing or only urban houses? How will the tax rate be decided?"

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: aaa级大片| 国产成人aa在线视频 | 亚洲综合网在线 | 99福利资源久久福利资源 | 福利片成人午夜在线 | 成人国产一区二区三区 | 日本免费人做人一区在线观看 | 日韩一区在线播放 | 欧美一区二区日韩一区二区 | 欧美精品一区视频 | 99精品小视频 | 国产三级国产精品国产普男人 | 色综合日韩 | 成人国内精品久久久久影院 | 亚洲精品综合一区二区三区在线 | 国产成人综合一区精品 | 天天综合天天看夜夜添狠狠玩 | 国产精品久久久久免费 | 久久久免费精品视频 | 97超在线 | 蜜臀91精品国产高清在线观看 | 亚洲成人在线视频播放 | 91香蕉网 | 怡红院免费全部视频在线 | 久草视频国产 | 一区二区三区在线播放视频 | 日韩欧美在线一区二区三区 | 九九99视频在线观看视频观看 | 国产欧美日韩在线人成aaaa | 成人黄色三级 | 一级做a爰片久久毛片免费看 | 免费观看欧美精品成人毛片能看的 | 久久免费精品 | 色综合久久88中文字幕 | 欧美一级特黄aa大片 | 情侣自拍啪啪 | 国产精品日产三级在线观看 | 在线观看视频一区二区三区 | 久久视频一区 | 国产中的精品一区的 | 99精品视频在线这里只有 |