China Daily

pour point cold water, cool

State Department put pressure on!

property taxes to promote intense, secret preparations have been around

local property taxes to promote the attitude of the New Deal much more positive than the implementation of the property market

Recently, the NDRC official revisit tax reform. Property tax as a tightening of lending, after thorough investigation of the land the ultimate solution can not be done overnight. However, local governments of intense preparations that start tax reform curtain has been opened.

Vice Premier Li Keqiang stressed twice in eight days, releasing an important signal that the brakes halfway round the property market is not regulated. Next, there will be nine ministries for national inspectors. National Development and Reform Commission Zhang Ping August 26 report to the National People's Congress, said the economy, real estate, regulatory policy will not loose.

real estate tax is like a shadow of Distance Zhe Zhao of China as the real estate industry. Although when and how suddenly it struck, there are still no, but a secret from the local government timely preparation but that the Chinese real estate industry will "tax transfer" instead of "political tone" is not groundless.

Now, in the multi-mandate, the number of local governments also started training for real estate tax levy dollars.

existing policy not cure rate

may put property tax

has been on the current round of China real estate regulation existed in dispute. Even local government officials publicly stated that regulation of the real estate market should use tax machinery, not just transfer payments and stop the mortgage interest rate adjustment, should be "market approach to the way a substitute for political control."

documents from the central government has repeatedly confirmed that, in order to transfer payment adjustable rate mortgages and stop the "political tone" is strong medicine, to be solved is to prevent excessively rapid rise in house prices in some areas, " Policy Research "5 months after the prices all over the statistics show that the basic aim to achieve this.

repeatedly stressed repeatedly that China real estate up the historical experience of people who had to let the market worried about the "political tone" effect in turn is time to come to naught. In mid-August, with the regulation of conduct, part of the city's part of the project began a price increase of undercurrent to the "political tone" of the prospect of another suspect.

At this point, start the "tax transfer" calls out again.

"If the current policy not enough to bring up the issue repeatedly cure rates, does not exclude property tax or property tax introduced in due course in order to achieve political control of China to the regulation of real estate tax regulation." Fudan University Real Estate Center Director Professor Yin Bocheng think.

property taxes will place

a stable tax

"the local governments on property tax reform to promote the attitude of fact than the implementation of the '4 * 14 'New Deal to be much more positive. "in the Chinese Academy of Social Sciences Institute of Finance and Trade Economics, deputy director of the Aim of it, this is mainly related to local government's financial interests.

and land finance one-time generate substantial revenue for the local government is different is that property tax is part of the property holding tax on local governments is more sustained and stable tax revenues.

whether the central control of credit regulation and control of land or affect how the insistence on local government, an indisputable fact that the majority of the first-tier cities is almost no land to sell, second and third tier urban land use have become increasingly tense in the past some year, hundreds of billions of urban land easily finance the growing emergency.

"to 'tax adjustment' to replace 'political transfer' is the overseas property market is more mature experience, not only can change the 'political transfer' instability, but also radically change the local government to GDP as reselling the land of the distorted situation, changing one-time revenue from land sales finance for the steady and radically increase the cost of speculative housing speculation, so that the healthy development of the property market. "Yangcheng Xiao-known real estate researchers said.

8 24, the State Development and Reform Commission confirmed that the Financial Financial Secretary Xu Lingong open, China will promote the property tax reform, and its introduction can bring a stable of the main local government taxes.

According to report, the Ministry of Finance recently held seminar on the work of local tax topics, part of the local financial system, even with a place to "opinions" to learn from the experience of other regions, in their view, to real estate land tax to replace the financial after all work required to be considered. According to China Business

central discontent!

security room slowly, nine ministries brewing accountability

did not complete the task of local governments, will be interviewed

"Inspector just ended." August 25, live in houses built Security Division of the Department, a deputy director told reporters on Aug. 10, live in the construction department sent several groups of inspectors, led by the vice-ministerial officials, went to check the local security around the country housing construction.

many parts available interview is: "Progress in the first half of security room is not ideal." Thereon to the Deputy Director's confirmation, he was asked "how do you know?" But it is certain is the central control on the property market, there must be FLAC, does not exclude the implementation of security from the start of building a house, on the one hand increase the supply, on the other hand to balance the falling property market, investment regulation.

inspectors found that the slow progress

into 8 months, the first-tier cities new houses, second-hand housing prices rebounded, second and third tier cities, housing prices surging more heat.

at this sensitive moment, the National Security Housing construction forum on Aug. 21 held in Changzhou, Jiangsu Province. Participants are Jiang Weixin, Minister of Agriculture Han Fu, CBRC chairman Liu, Development and Reform Commission deputy director of the Tie-Nan Liu, Vice Minister of Finance Wang Jun, vice minister Qu Wanxiang and chief planner of the Department of Homeland Hu Zhi, and local officials and other deposits, specifications are high.

conference, Li Keqiang urged all localities, "with greater determination and more effective measures to increase financial input through various channels," speed up the security room of the building.

reporter obtained from the Department of housing construction and reliable sources said the meeting was mainly aimed at Changzhou, east China and north China in 11 provinces to protect housing construction; Next, high-level will continue in other parts of the country held 1-2 times a similar meeting to urge the protection of local housing projects to speed up construction.

many experts agree that top-level intensive investigation recently, on the progress of work around the meaning is there supervision.

close to the building housing the Ministry told reporters that the next month or two, composed of nine ministries of protection of housing projects Inspectorate will co-Inspector, "did not complete the task of local governments, will be about On. "

" has in the past year, two-thirds of the time, a lot of information display, security still many problems in housing construction. "Changzhou municipal government office, an official quoted an official as saying at the meeting. This is the background of the meeting held. Previously, the state identified affordable housing construction and improvement of squatter settlements, housing 5.8 million sets of tasks, has signed an agreement and local. From the first half of the situation, many local housing security to complete the work is not satisfactory.

Changzhou meeting revealed that the completion of Fujian Province, better far, a total of 25,828 affordable housing units built, completed an investment of 3.95 billion yuan, accounting for only 42.2% of the annual plan of investment.

how to take the next step?

control to the present, the parties most concerned about is how to take the next step?

soon, stay the pace of the construction department and local governments to reach agreement. July 15, live in affordable housing construction department building held the meeting, "demands an immediate development of affordable housing throughout the three-year construction plan will be linked with real estate regulation."

"in raising availability , the Chongqing government will take to acquire the second half of the way, from the acquisition of a number of listings on the housing market. "August 26, Shapingba of an official told the" China Times "reporter, it can use as a security room , can stabilize housing prices.

to government acquisition of the "play" method, Chongqing is not the first. It is reported that early in 2008, Suzhou, Changzhou will take the Government to buy the "play" method of buying houses from the commercial housing market, as the security room.

to raise funds, central and western provinces (including Gansu, Henan, etc.) to vigorously test the water in the "low cost housing rental system," part of the sale of low-rent housing capital return of property rights in order to once again into a new a low-rent house construction.

reporters in Tianjin get the latest news is that "low-rent housing REITs have been adopted by the central bank." According to China Times

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