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Faced with the delayed reform of China's real estate tax, Liu Shangxi, president of the Chinese Academy of Financial Sciences, said that the introduction of real estate tax depends on the legislative process, the core of the reform is to levy tax on individual non-profit housing, and its reform design should be put into the overall tax system to consider. If it is assessed that the property tax reform will not lead to new public risks, it should be implemented nationwide as soon as possible.
Writing in Treasury Think Tank Dynamics, he pointed out that the delays in getting boots off the ground have serious side effects, and the longer the delays, the greater the side effects, and the greater the public's anxiety and unease about taxes. This has expanded the uncertainty of social expectations and is not conducive to the construction of a long-term mechanism for housing system.
"China's actual national conditions determine that the real estate tax reform can not simply copy the foreign practice of levying real estate tax. The complexity of China's real estate tax is far more than that of foreign countries. It seems that China's real estate tax and foreign taxes are no different, involving tax elements, but how these tax elements match the combination, with a country's national conditions closely. Liu Shangxi said.


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