Research Reviews on “Chinese Land Finance”
Since the reform of tax right division, the problem on land finance is more and more serious as the economy develops. Land transfer rent and the relative taxes and fees have already become the main component of local finance revenue. Even though this kind of way will bring the problem of the oversize of the city, government credit crisis, price bubbles in the real estate in the long term run, the land finance still get further development because it can benefit the fiscal revenue and the improvement of the local GDP. Therefore we need to find the effective way to govern the land finance, readjust the tax division system, and distribute the income brought by the land finance. Only in this way can we achieve the sustainable development in both economy and society.
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