What is the impact of the adjustment of the real estate industry on local fiscal revenue?
What is the impact of the adjustment of the real estate industry on local fiscal revenue?
i.Challenge. 1) Decrease in land transfer revenue: In the real estate market, land transfer income is an important part of local tax revenue. However, with the adjustment of the market, the ** of land transfer fees may decrease, resulting in a decrease in land transfer income. This will put some pressure on local tax revenues.
2) Reduction of related taxes: The adjustment of the real estate market may lead to a reduction in taxes related to the real estate sector, such as property tax and land appreciation tax. These taxes account for a certain proportion of local tax revenues, and their reduction will affect the stability of local finances.
3) Increased debt risk: In recent years, local governments have borrowed a large amount of debt through financing platforms and other means to invest in infrastructure construction and other fields. With the adjustment of the real estate market, the pressure of local ** debt repayment may increase, and the debt risk will rise.
Two. Opportunity.
1.Promote economic restructuring: Adjusting the real estate market will help promote economic restructuring and increase support for emerging industries, scientific and technological innovation, etc., so as to cultivate new economic growth points and provide new local tax revenues**.
2) Develop the housing rental market: With the adjustment of the real estate market, the housing rental market will receive more attention. Local governments can create new tax growth points by developing the housing rental market, increasing rental housing, and improving the scale and efficiency of the housing rental market.
3.Optimize the structure of tax expenditure: In the context of the adjustment of the property market, the local government can take this opportunity to optimize the structure of tax expenditure, increase investment in education, medical care, social security and other areas of people's livelihood, improve the efficiency of tax expenditure, and provide a strong guarantee for the development of the local economy.
In conclusion, the adjustment of the real estate market has brought challenges to local taxation, but also opportunities. Local governments must actively respond to market adjustments, innovate financial management ideas, optimize the structure of fiscal expenditure, cultivate new economic growth points, and ensure the stable and sustainable development of local finance.