Description: Property Tax in China : History, Pilots, and Prospects, Hardcover by Hou, Yilin; Ren, Qiang; Zhang, Ping, ISBN 3319100483, ISBN-13 9783319100487, Brand New, Free shipping in the US This monograph offersa 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.
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Book Title: Property Tax in China : History, Pilots, and Prospects
Number of Pages: Xvii, 186 Pages
Publication Name: Local Property Tax in China : History, Pilots, and Prospects
Language: English
Publisher: Springer International Publishing A&G
Subject: Public Finance, Development / Economic Development, Public Policy / Economic Policy, Taxation / General
Publication Year: 2014
Type: Textbook
Item Weight: 152.4 Oz
Subject Area: Political Science, Business & Economics
Author: Qiang Ren, Ping Zhang, Yilin Hou
Item Length: 9.3 in
Item Width: 6.1 in
Series: Development and Governance Ser.
Format: Hardcover
