Development, Governance, and Real Property Tax in China

This book offers an analysis of China in its muddling through of financial reforms towards adopting a local real property tax. The research is designed to serve dual purposes. First, it is an effort to provide an independent perspective on an urgent public policy under consideration by the Chinese government and to reflect upon this policy's process, which started over a dozen years ago yet is still in the fermenting stage with no sight of fruition. Additionally, this project is intended to share China's experience with other developing and transitional countries, so they can discern the difficulties China has faced and understand what may entangle them in the modernization of their taxation systems. Yilin Hou is Professor of Public Administration and International Affairs and Senior Research Associate in the Center for Policy Research at the Maxwell School of Citizenship and Public Affairs at Syracuse University, USA.

Auteur
Yilin Hou is Professor of Public Administration and International Affairs and Senior Research Associate in the Center for Policy Research at the Maxwell School of Citizenship and Public Affairs at Syracuse University, USA.

Contenu

1. Introduction

2. Why the Real Property Tax? A Fiscal System's Approach 2.1. A Fiscal System's Approach

2.1.1. Tripod structure of modern tax systems

2.1.2. Direct vs. indirect taxes

2.1.3. Regressive vs. progressive taxes 2.1.4. Tax allocation among government levels 2.2 Evolution of Taxation in New China 2.2.1 The pre-1949 tax state

2.2.2 The no-tax state from the mid-1950s to the late 1970s

2.2.3 Public provision mentality

2.3 Fiscal System Reforms 1978-2015: Reestablishing the Taxation System

2.3.1 Corporate and personal income taxes 2.3.2 Value added tax

2.3.3 The missing foot of the tripod

2.4 Intergovernmental Fiscal Relations

2.5 Towards a Local Property Tax the Window Paper Effect 3. Housing Provision Reform and the Real Estate Sector

3.1. Housing Provision Reform: from Free Provision to Market to Mixture

3.1.1. Genesis of the reform

3.1.2. Shift from free provision to market mechanism

3.1.3. Central blueprint vs. local implementation

3.1.4. The comfortable housing project 1995-97 3.2. Real Estate Sector as the Pillar of Economic Growth

3.2.1. Housing construction and economic growth

3.2.2. Muddling through of housing market intervention

3.3. Ad Hoc Preparations for the Real Property Tax 4. Why China Need...