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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Research on the Relation between the Reform of Real Estate Tax and Land Transfer Fee

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DOI: 10.25236/ecomhs.2019.104

Author(s)

Guo Yanfang

Corresponding Author

Guo Yanfang

Abstract

Land transfer fee and real estate tax system are compatible and mutually reinforcing. Both of them are compatible and mutually restrictive. The scale of local debt has a negative effect on land transfer fee and real estate tax revenue, but the reaction of local government debt to land transfer fee is less than that of land transfer fee to promote the scale of local government debt. The strong promotion of land transfer fees and the weaker suppression of real estate taxes have caused the expansion of urban scale to a certain extent. And the real estate tax in different links has a significant difference in the expansion of the city scale. The local government debt financing model based on land transfer fees has certain risks, and it is necessary to reduce the dependence of local government debt on land finance.

Keywords

Land Transfer Fee, Property Tax, Financing Model, Government Debt