Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6548847 | Land Use Policy | 2014 | 7 Pages |
Abstract
Since the beginning of the 21st century, China has been involved in active discussion on the introduction of the property tax. Yet the current land management system is unsustainable mainly because land supply is limited. This is because the system of lump sum grants produces distorted interests among suppliers and consumers of land. The property tax can be both a cure for these problems and create an alternative financial source of revenue for local governments. We suggest a theoretical model that proves the superiority of a property tax over lump sum grants.
Related Topics
Life Sciences
Agricultural and Biological Sciences
Forestry
Authors
SungChan Cho, Philip PilSoo Choi,