Effect of Property Tax on Optimization and Upgrading of Industrial Structure

China's economic growth and economic development has entered a new stage,and the optimization and upgrading of industrial structure is the core driving force for China to achieve high-quality economic development during the"14 th Five-Year Plan"period.Property tax has a conductive effect on the upgrading of industrial structure.Therefore,from the perspective of property tax and industrial structure adjustment and the relationship between them,this study summarizes the relevant research of domestic and foreign scholars.On the basis of the research,the paper puts forward some relevant policy suggestions on improving China's property tax and promoting the optimization and upgrading of China's industrial structure.

Property Tax Performance of Local Authorities in Malaysia

Property tax income of local authorities has become more challenging due to robust developments. Property tax revenue is the main income for local authorities that are used to pay for services and maintenance in the local authority administrative areas. However, the amount of revenue collected is decreasing due to the serious problem of property tax arrears that affects the administrative system and as a corollary, the delivery of services by local authorities. The performance measurement of property tax is very important in order to manage the services, and for maintenance and development of sustainable local authorities. Therefore, this paper represents a review of the Malaysian local authority property tax collection performance. The rating system is applied to address the performance of property tax collection in Malaysia. The result revealed that most of the property tax collection in Malaysia performed under inadequate level. Property tax collection statistics for the research include the total revenue and property tax arrears for each local authority in Malaysia within five years from 2004 to 2007. It is expected that this property tax performance will be employed as a basis to pursue the appropriate, innovative, and creative approaches for local authorities in Malaysia.

The Impact of Property Tax on the Development of Real Estate Industry

In recent years,due to the rapid development of the real estate industry in China,land speculation has begun in addition to the significant growth in economy.However,this rapid development has led to an extreme rise in housing prices,largely owing to high property tax.This article analyzed the impact of property tax on the development of real estate industry and provided countermeasures.

Research on the Reform of Real Estate Taxation in the Personal Housing Ownership Link

Housing is related to the well-being of people’s livelihood,but at present,the real estate market is overheated,and the price of commercial housing remains high.The implementation of the reform of real estate tax in Shanghai and Chongqing has aroused heated discussions in the society.A timely promotion of real estate tax reform and legislation can play a role in tax regulation.This study takes the reform of real estate tax in regard to personal housing ownership link as the research theme and discusses the setting of collection scheme,the application of tax evaluation technology,as well as tax collection and management.

Property Tax in Urban China

This paper examines China＇s urban housing sector and proposes that property, tax reform be undertaken. Specifically, China should significantly reduce taxes on transactions and introduce property taxes during the possession of houses. This will increase housing affordability as a result of lower transaction costs, reduce speculation because of the higher opportunity cost of holding vacant houses, stabilize the fiscal system by generating more sustainable tax revenue, and improve the efficiency and fairness of the property tax system according to the principles of ＂ability-to-pay＂ and ＂user pays＂.

Impacts of Property Tax Levy on Housing Price and Rent:Theoretical Models and Simulation with Insights on the Timing of China Adopting the Property Tax

What will be the impact of property tax levy(RPT)on China’s housing price?The conclusions from existing research are conflicting,failing to pinpoint how RPT will affect housing price and rent.More crucially,theoretical economic models are missing in clearly describing the operating mechanisms of the tax’s impact.Starting with a theoretical model of RPT,housing price and rent,the paper derives the path and mechanism of RPT affecting housing price and rent,and provides insights on the choice of timing for China to adopt and levy RPT.Our simulation results show that under China’s circumstances,if the effective RPT rate is 0.5%and the RPT revenue is not used to increase public services,the tax may cause a housing price decline between 8.3%and 12.5%.If the RPT revenue is used for basic public services,the housing price decline will be as small as 1.7%to 2.5%,but rent may rise by 6.7%to 20%.The reason for the sharp drop in housing price is the bubble;the premise of a rent hike is that the public services that renters can benefi t from are substantially improved.Based on the impact of RPT on housing price fluctuation,the period after the market has gradually squeezed out the housing price bubble may be among the best windows for adopting RPT.

Can Property Tax Curb Housing Prices?

After years of test runs, property tax maybe adopted all over China, with Beijing and Shenzhen as pilot cities, said the Shanghai Securities News in December 2009.

Will Tax Help to Cool the Overheated Property Market?

Chongqing and Shanghai announced on January 27 they would launch a long-awaited pilot property tax beginning January 28. The move is part of a larger Central Government effort to cool the housing market. The results of the trial program will determine how the tax is rolled out in other locations, according to the Ministry of Finance.