Taxing Real Estate in China and the US: A Lecture by Xuehua Shi
- Starts: 12:00 pm on Wednesday, November 28, 2012
- Ends: 2:00 pm on Wednesday, November 28, 2012
In 1998, China reformed its benefit housing system to personal purchase system, so real estate market has been expanding very fast since then. However, in recent years, income gap has been getting bigger and bigger between cities and rural places and among people within same cities, the difference of people’s living space and environment has been getting obviously distinct. The continuous high house sale price and rent price in many cities have been a big burden for common people in particular for people with low income. To control house price, promote the health development of real estate market and to improve the living condition of common people became one of the top issues of Chinese central government and a main task of China’s macroeconomic control framework. In this context, Chinese central government adopted a new tax policy of levying personal real estate property tax in two pilot cities of Shanghai and Chongqing in the beginning of 2011. Ms. Xuehua Shi's talk will introduce listeners to the the background of this tax policy, policy implementation in the two pilot cities and recent debates of this new tax in China. Xuehua Shi is Program Officer at the Bureau of International Cooperation, Chinese Academy of Social Sciences (CASS). She has been working in the Bureau for many years being responsible for managing international exchange projects between CASS and its counterparts in the United States and European countries.
- Metropolitan College, 755 Commonwealth Ave, Room B2B