The Property Tax in China: History, Pilots, and Prospects

This monograph offers a detailed analysis of the creation, pilot implementation, and possible wide adoption of the real property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial crisis that started in 1998, the real property market en...

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Những tác giả chính: Hou, Yilin, Ren, Qiang, Zhang, Ping
Định dạng: Sách
Ngôn ngữ:English
Được phát hành: Springer 2015
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Truy cập trực tuyến:https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59340
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spelling oai:scholar.dlu.edu.vn:DLU123456789-593402023-11-11T06:36:37Z The Property Tax in China: History, Pilots, and Prospects Hou, Yilin Ren, Qiang Zhang, Ping Public Finance Economics Business Wealth tax -- China Real property tax -- China This monograph offers a detailed analysis of the creation, pilot implementation, and possible wide adoption of the real property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial crisis that started in 1998, the real property market entered a period of rapid expansion, followed immediately by rampant speculation, rising housing costs, and official corruption. Over the last ten years, the price of real property in most cities has more than tripled, especially in metropolitan areas. In an effort to curb this, the government has instituted a number of property-market controls, including property tax pilot programs in Shanghai and Chongqing. While this is the latest of a number of fiscal reforms, it is a very important one that carries with it the ability to change the landscape of public finance, intergovernmental relations, and local governance in China. It represents a fundamental change in the provision of public services, the relationship between local governments and tax payers, and the status of localities in the government structure. Taking a public choice perspective, the authors argue that the local property tax should be used not solely as a means of controlling housing prices but should be fully employed as a fiscal and budgetary institution that will contribute to mitigating multifarious socio-economic problems resulting from economic growth, rapid urbanization, and widening income disparity. As this program is the first of its kind, so this book is the first detailed study of property tax in China; as such, it will appeal to researchers of public finance and public policy. It will also be of great interest to policymakers in China and in other countries that are considering adopting or reforming their versions of the local property tax. It fills the gap in a growing body of literature about the inner workings of Chinese economics and policy. 2015-12-07T07:43:44Z 2015-12-07T07:43:44Z 2015 Book 978-3-319-10049-4 978-3-319-10048-7 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59340 en application/pdf Springer
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
topic Public Finance
Economics
Business
Wealth tax -- China
Real property tax -- China
spellingShingle Public Finance
Economics
Business
Wealth tax -- China
Real property tax -- China
Hou, Yilin
Ren, Qiang
Zhang, Ping
The Property Tax in China: History, Pilots, and Prospects
description This monograph offers a detailed analysis of the creation, pilot implementation, and possible wide adoption of the real property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial crisis that started in 1998, the real property market entered a period of rapid expansion, followed immediately by rampant speculation, rising housing costs, and official corruption. Over the last ten years, the price of real property in most cities has more than tripled, especially in metropolitan areas. In an effort to curb this, the government has instituted a number of property-market controls, including property tax pilot programs in Shanghai and Chongqing. While this is the latest of a number of fiscal reforms, it is a very important one that carries with it the ability to change the landscape of public finance, intergovernmental relations, and local governance in China. It represents a fundamental change in the provision of public services, the relationship between local governments and tax payers, and the status of localities in the government structure. Taking a public choice perspective, the authors argue that the local property tax should be used not solely as a means of controlling housing prices but should be fully employed as a fiscal and budgetary institution that will contribute to mitigating multifarious socio-economic problems resulting from economic growth, rapid urbanization, and widening income disparity. As this program is the first of its kind, so this book is the first detailed study of property tax in China; as such, it will appeal to researchers of public finance and public policy. It will also be of great interest to policymakers in China and in other countries that are considering adopting or reforming their versions of the local property tax. It fills the gap in a growing body of literature about the inner workings of Chinese economics and policy.
format Book
author Hou, Yilin
Ren, Qiang
Zhang, Ping
author_facet Hou, Yilin
Ren, Qiang
Zhang, Ping
author_sort Hou, Yilin
title The Property Tax in China: History, Pilots, and Prospects
title_short The Property Tax in China: History, Pilots, and Prospects
title_full The Property Tax in China: History, Pilots, and Prospects
title_fullStr The Property Tax in China: History, Pilots, and Prospects
title_full_unstemmed The Property Tax in China: History, Pilots, and Prospects
title_sort property tax in china: history, pilots, and prospects
publisher Springer
publishDate 2015
url https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59340
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