| Summary: | 碩士 === 東吳大學 === 企業管理學系 === 104 === Tax is one of the major sources of government revenue. The government imposes taxes to generate state revenue and pay for the requisite expenditures. However, tax is often granted for policy considerations. Thus, the tax levied is also for the purpose of enacting social and economic policy.
In recent years the real estate market prices have quickly rocketed in Taiwan especially in the metropolitan area. Ratio of housing price to income has hit record highs which causing people pay greater attention to the problem of housing. In fact, housing prices are influenced by four factors: the dimensions of supply and demand, institution, capital, as well as taxes. In the dimension of taxes, an underestimation of the real estate taxation system resulted in excessive funds flowing into the real estate market.
Therefore, due to the growing pressure on the part of the public, Taiwan’s Central Government is trying to keep down the price levels of the domestic real estate market from rising further, and also proposed the new property income tax: “House-Land Combination Tax” in 2015. The purpose of this study is to investigate the real estate transaction income tax system in Taiwan, especially the House-Land Combination Tax, which affects the real estate market. This study adopted a literature review and in-depth interview methodology on examining the reform of the taxation system. Professionals who have practical experience and relevant experts in the industry were visited and interviewed.
In this study, we posit that the main purpose of the House-Land Combination Tax on building and land is to rectify the sound and a transparent real estate tax anomaly, as the real estate capital gains tax is chronically a low tax burden rate. The secondary purpose of the House-Land Combination Tax is to carry out social and economic policy. In summary, to solve the problems in the housing market, it is necessary to proceed from the fundamental underlying problems rather than only rely on the tax system to provide the required solutions.
|
|---|
