On May 1 1, the Information Office of the Ministry of Finance announced that responsible comrades of the Ministry of Finance, the the National People's Congress Standing Committee (NPCSC) Budget Working Committee, the Ministry of Housing and Urban-Rural Development and State Taxation Administration of The People's Republic of China hosted a symposium on the pilot work in real estate tax reform in Beijing to listen to the opinions of responsible comrades of some urban people's governments and some experts and scholars on the pilot work in real estate tax reform.
Hundreds of words, the signal is far-reaching. Judging from the participating departments, the four units that decided to legislate and levy real estate tax gathered together, especially the the National People's Congress Standing Committee (NPCSC) Budget Working Committee, and the meeting was even more important.
Although judging from the legislative process, there is still no timetable for real estate tax legislation at least in 20021year, the urgency of its introduction is getting stronger and stronger. Some experts believe that the idea of piloting in some cities is not bad before the legislation is completed.
Zhang Yiqun, deputy director of China Budget Performance Committee, believes that since the beginning of this year, the heads of relevant state departments have repeatedly mentioned the real estate tax and held a pilot symposium on real estate tax, with the intention of cooling down the possible rise in the real estate market price with the economic recovery in advance. It is also to implement the concept of "housing without speculation" and promote the healthy development of the real estate market. It is also an important part of ensuring the basic housing needs of people's livelihood in China and realizing economic restructuring and high-quality development.
"Real estate tax is a general term for taxes including development, trading and holding. The real estate tax focuses on the holding link. Previously, it was more important to develop than to hold. I think the real estate tax reform has shifted from re-development and trading to holding, and the possibility of further promotion of property tax is greater than before. Since this symposium mentioned the real estate tax reform, there is still this direction. " Yang Chang, head and chief analyst of the Policy Group of Zhongtai Securities Policy Research Institute, told the reporter of China Real Estate News.
"In some places now, if the property market is too hot, it will be difficult to suppress it. This is mainly based on administrative means. The palliative is not a cure, but the real estate tax will still be introduced. " Konka, the former director of the Finance Department of the Ministry of Finance and an economist, previously suggested that Shanghai and Shenzhen should actively carry out a higher-level real estate tax reform pilot.
Raise the real estate tax four times in six months.
This symposium is the fourth official mention of "real estate tax" this year.
On March 13, the 14th Five-Year Plan for National Economic and Social Development in People's Republic of China (PRC) and the Outline of Long-term Goals in 2035 were officially released. The contents concerning real estate mentioned that it is necessary to "promote real estate tax legislation, improve the local tax system and gradually expand the local tax management authority".
On April 7th, at the press conference held by the State Council Information Office to implement the outline of the 14th Five-Year Plan and speed up the establishment of a modern fiscal and taxation system, Wang, director of the Department of Taxation and Administration of the Ministry of Finance, said that it is necessary to further improve the individual income tax system that combines comprehensiveness with classification, and actively and steadily promote the legislation and reform of real estate tax.
On May 6th, Liu Kun, Minister of Finance, wrote in Economic Daily that in order to build a new development pattern and promote high-quality development, we must speed up the establishment of a modern fiscal and taxation system. Liu Kun mentioned that the modern tax system should be improved, the direct tax system should be improved, the proportion of direct tax should be gradually increased, the personal income tax system combining comprehensiveness and classification should be further improved, and the real estate tax legislation and reform should be actively and steadily promoted.
Five days later, on May 1 1, the four central ministries and commissions jointly held a symposium on the pilot work in real estate tax reform, and put forward the "real estate tax reform pilot" for the first time.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that if we trace back to the past reforms, the Report of the Development and Reform Commission on Implementing the Review Opinions on the Implementation of the National People's Congress Standing Committee (NPCSC)'s 20 1 kloc-0/year National Economic and Social Development Plan mentioned the content of "real estate tax reform Pilot Work", and 201year was just the stage of Shanghai and Chongqing's pilot property tax. Therefore, from this logical point of view, the first mention of "reform pilot work" has a strong weathervane significance, that is, real estate tax will be piloted in some cities after this meeting.
Yan Yuejin believes that from the current management and control ideas of the real estate market, "solving the housing problem in big cities" has become the development idea this year, or it means that big cities are most likely to pilot first.
Shi, director of the Finance and Tax Law Research Center of China University of Political Science and Law, believes that the above-mentioned forum has released the signal of accelerating the legislation and reform of real estate tax in combination with the recent official statement. In the future, it is possible to take the lead in carrying out real estate tax pilot projects in some cities before the completion of real estate tax legislation, and the pilot experience of these cities can also promote real estate tax legislation.
Which cities are expected to take the lead in piloting?
After the news of the symposium was sent out, many netizens left a message on Weibo: "This is the' land bombing' to curb housing prices, and I hope it can be promoted as soon as possible!" "Only by resolutely curbing speculative real estate speculation can we improve people's livelihood and achieve high-quality development!"
From 2020 to 20021year, the property market in cities such as Hangzhou, Chengdu, Shenzhen, Shanghai, Nanjing and Dongguan became hot again, and then the regulation was tightened, but the market enthusiasm was not suppressed.
A set of data can explain how enthusiastic China residents are about using leverage to buy a house.
Statistics from the National Bureau of Statistics show that in the first quarter, the sales area of commercial housing nationwide reached 360 million square meters, and the sales amount reached 3.8 trillion yuan, up by 63.8% and 88.5% respectively, up by 20.7% and 465,438+0.9% respectively compared with the same period in 2065,438+09. In the first quarter, the national average house price exceeded 10,000 yuan for the first time, reaching 10658 yuan/square meter, compared with 9,859 yuan/square meter last year.
At the same time, residents are burdened with huge mortgages and the leverage ratio has reached a new high. At the end of the first quarter, residents' medium and long-term loans increased by 1.98 trillion yuan, setting a new record of 1.8 trillion yuan in the third quarter of 2020, with a year-on-year increase of 57%. Most of the medium and long-term loans of residents were mortgages. At the end of last year, the debt balance of the household sector was 73.6 trillion yuan, up by 14.6% year-on-year, and mortgage loans accounted for more than 70% of the total liabilities of households.
The latest policy research released by the central bank shows that China's macro leverage ratio was 276.8% in the first quarter, including 72. 1% for residents, 44.5% for government departments and 160.3% for enterprises.
Real estate income directly widened the gap between the rich and the poor. According to the data of China Family Finance Research Center, among China's family assets, real estate accounts for 65%-70%, which is twice that of the United States, and the value-added income of real estate accounts for more than 90% of the value-added of family assets.
Since the housing reform for more than 20 years, real estate has become the first pursuit goal of residents, especially the rich. The average total returns of the first, second and third houses of urban households are 340.3%, 143.2% and 96.7% respectively.
The reason why people can borrow money to buy a house with such confidence is precisely because of the "unbeaten myth" of real estate.
"Judging from the evolution of real estate after the epidemic, it is imperative to speed up the collection of real estate tax, adjust the income gap and the gap between the rich and the poor caused by real estate, stabilize the social situation, and consolidate the demand base of' internal circulation'. Can't drag, the more you drag, the more passive you are. " Li, chief researcher of Guangdong Housing Policy Research Center, told the reporter of China Real Estate News.
Previously, the Ministry of Finance announced three principles of real estate tax legislation, namely, legislation first, full authorization and step-by-step promotion. Therefore, legislation is considered as the premise of real estate tax collection.
In the National People's Congress Standing Committee (NPCSC)'s 202 1 Legislative Work Plan published on April 22nd, there is no mention of real estate tax legislation. However, according to the Tenth Five-Year Plan to "actively and steadily promote real estate tax legislation and reform", we focus on the whole Tenth Five-Year Plan period, that is, 202 1 2025, and the launch in the next few years will be a high probability event.
During this period, it is an idea to pilot first. After all, Shanghai and Chongqing have implemented property tax 10 years. In recent years, there have been voices calling for expanding the real estate tax pilot.
Konka believes that there is no so-called best time for real estate tax legislation. After the real estate tax is levied, it can not only reduce speculation, but also increase the stable source for local finance. He suggested that Hainan and Shenzhen should actively carry out a higher-level real estate tax reform pilot. Hainan should build the world's largest free trade port area and realize investment facilitation and trade liberalization. The inherent logic of supporting reform is the need to match the real estate tax system. If it is still regulated according to the purchase restriction mode, it can no longer be explained to the world. Shenzhen should be at the forefront of China's reform and build the first demonstration area of Socialism with Chinese characteristics's market economy.
From the actual situation, Hainan and Shenzhen are also hot cities and provinces in the domestic property market. Hainan implemented a global purchase restriction to crack down on real estate speculation. Although Shenzhen's regulation has been increasing, it is still difficult to curb the crazy property market. The introduction of property tax in these provinces and cities will undoubtedly help stabilize the property market. "These two places can't wait any longer. Shenzhen and Hainan should show the courage and courage to reform. " Konka had previously called for.