Property taxes are coming again, are you ready for common prosperity? | financial news for 60 seconds

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After the goal of poverty alleviation has been gradually realized, China has begun to move towards a higher and farther goal - common prosperity.

Recently, a general secretary article published by Qiushi magazine mentioned six major work points for promoting common prosperity, one of which " strengthened the regulation and regulation of high income " involving the reform of the individual income tax, real estate tax and consumption tax systems. Today, we may as well take a look at how these tax reforms will affect our lives in the future.

According to the figures of the National Bureau of Statistics, China's Gini coefficient will be 0.468 in 2020, which has exceeded the warning line of 0.4, and the gap between rich and poor is huge. Some experts believe that among high-income people, many capital incomes from interest, dividends, dividends, etc. are deliberately concealed for tax evasion, and this year, the state has strengthened the service and supervision of taxation, and cooperated with the public security department to crack down on tax evasion and evasion, especially for such high-net-worth individuals.

Since China took the first step in the comprehensive tax rate in 2019, many experts this year have suggested that capital income be included in comprehensive income. In addition, the previous financial and taxation department documents revealed that the individual tax reduction period of the year-end bonus will end until December 31 this year, from January 1 next year, the year-end award will be officially incorporated into the comprehensive income to calculate taxation, Fudan University economics professor mentioned that this policy will mainly have a greater impact on the middle and high-income wage earners.

In May this year, the Ministry of Finance and several major departments formally discussed the issue of the pilot reform of real estate tax, the real estate tax is already on the string, it can be expected that the process of piloting first and then widely rolling out may be accelerated.

The consumption tax levied on high-end watches, yachts and luxury goods may shift from the production end to the retail end in the future, and products including private jets, high-end fur, mahogany furniture, high-end clubs and high-pollution products will be included in the scope of collection.

After the primary distribution and redistribution, China has promoted three distributions characterized by public welfare and charity, but in order to achieve common prosperity, it is necessary to promote distribution reform by means of taxation.

This article originated from Focus Finance