Shanghai intends to levy taxes to maintain the housing stock shock

 Shanghai intends to levy taxes to maintain the housing stock markets shook financial and capital
------ Fudan University, Director of the Centre Professor Xie Baisan
(a) like a bomb detonated
2010 年 4 8 Shanghai Securities News br> The article said: feasibility. , and subject to the current separation of housing and land property conflicts, before choosing the house to keep taxes in this way. and collect, but from the purchase of copy number, size, etc. to distinguish between the size of autonomous demand and investment demand, which may be exempt from the need to maintain tax to live. very brave, dare to do things.
this story on the market are not widely spread at first, but a wider spread of the afternoon. led to the collapse of real estate and bank shares. should attach great importance to guard against such a move in the property market The shock effect (of course, shocked the stock market).
(b) comment on the matter
First, it is actually a face-lift of the property tax. (no land, no property, how to taxation, change the name, tax remains questionable legality.)
Secondly, the property tax to maintain links mm housing tax, the new taxes, need to NPC, the local People's Congress vote approval of it. so in the name of the pilot to really dry up, up properly ?
Third, many Shanghai residents have 2 house, they have the old (parents, parents-in), under a small (children), it is necessary to pension, but also control children. kids in high school, college, marriage there is time, how to do, forcing the village down the accounts of elderly people moving into Shanghai? forced 17m21-year-old children puppy love, early marriage, early married, early separation?
Fourth, many people bought a new house, 25m30-year mortgage, then they paid 3m4 years, and then immediately sell discount, flesh to sell you (the tax one, house prices will crash),UGG shoes, or the side to pay the mortgage, while diplomacy burden it?
Fifth, at what price, the market value of tax is 20% in 2008 when the price dropped, or in 2009 when the price rose 40% to sign. a levy of this tax next year, down 30m40% whether the immediate tax cuts, tax rebates?
who completed the assessment of the property, who guarantees that none of corruption?
Sixth, China's real estate ups and downs and monetary policy very closely the year 1999, China's M2 is 10 trillion in 2010, M2 was more than 60 trillion; at Fudan University in Shanghai near the real estate 4000m5000 yuan a square meter,Discount UGG boots, the event is now 29,000 square meters of m3.2. and the M2 multiplier is almost the same proportion of increase in ah, should the central bank President taxation ah!
2008 was implemented in a moderately tight monetary policy (in fact, is I just came back in Taiwan, Taipei, Shanghai's more expensive than housing prices, they also levy property taxes (but the land is private), why housing prices are still up ah! more house tax in Singapore rose faster!
eighth, crazy real estate speculation, is the scourge of skyrocketing, but Lu Man to poke the bubble, and its dangers are terrifying and can not be underestimated. Fudan University, Department of the World by a professor said, no good end. industry in the cold. In addition, many banks will be affected drag, loss, bankruptcy, thousands of people were unemployed. as banks, real estate accounted for 50% equity weight, the stock market will seriously drag.
addition, would result in urban and rural residents views have, deserted them, and every household unrest. may even result in a substantial part of the resistance of urban residents and pay no taxes, towing fees are not paid property, a house door industry company pleaded, and promised to send the insurance, it forcibly handed most of the property costs. It is estimated there will be a lot of people refusal to pay taxes and tax evasion.
In addition, the tax can really sign into a still a problem. because it greatly hurt the local finance to levy this tax is difficult, also received three or four years.
(c) Shanghai next statement: specious,cheap UGG boots, if not set
shock because the speculation market, the Shanghai Composite Index closed down 29 points, Small Business, the GEM is also limit-down of wealth, under the leadership of the East fell together. is people are very concerned about when the next day, Friday, also in the Ruan Qi of the article, saying: Shanghai housing security and the Housing Authority a formal position on this is the official website: is completely normal. the the sky, Shanghai rose 26.6 points (Contract 135 400 000 000); Shenzhen rose 128 points (111.7 billion yuan turnover). broader market incentives in the stock index futures opened lower, courageous rebound. in the small cap, active in the GEM and the extraordinary,UGG boots, record Ultrapower 214 per a new high. other small-cap stocks are momentum into the Dallas market.
listed stock index futures soon to debut, the management very seriously and solemnly, the China Securities Regulatory Commission Chairman Shang Fulin and Shanghai Party Secretary Yu also attended the opening ceremony and delivered a speech, it is very rare high-profile ceremony. currently participating in the stock index futures rose to 4,700 people, but only 1 / 20000 is the shareholders, we are holding to wait and see attitude. Do not think that there must be spread and arbitrage, the situation is likely to surprise, we can wait and see. Anyway China's stock market and a major step forward, closer to the developed countries stock market took a big step, so it is gratifying.