【The Epoch Times, November 3, 2022】 GuangdongShenzhenThe city has been contributing to the CCP’s tax revenue for many years, but this year Shenzhen has done soBeijingask for help, acceptCentral financial contribution。
On October 31, the Chinese Communist Party’s Ministry of Finance published “About SupportShenzhenImplementing Opinions on Exploring Innovative Tax Policy Systems and Management Systems “(referred to as” Opinions “). Guangdong Provincial Finance Department broadcast the” Opinions “on November 2. The” Opinions “mentioned that the subsidy for the construction of affordable housing in Shenzhen should be increased and support for public rental housing, affordable rental housing and the renovation of old communities in Shenzhen.
Radio Free Asia reported that Shenzhen Shenzhen was once the richest city in China.Beijingask for help, acceptCentral financial contributionrare.
The netizen left a message saying, “Shenzhen is the vanguard of reform and opening up, and Shenzhen’s restoration should be the first to turn back. Shenzhen will start with the guide price of second-hand housing and Shenzhen will start with the target rental price. It is obvious that Shenzhen will be the forerunner of the planned economy. ” “It’s not uncommon! Shanghai can even cover the deficit …”
“What intrigues me is that, even if Shenzhen can’t be done, where will the central government get the money to subsidize it?” “Shanghai has more money than Shenzhen, and still has a deficit. Shenzhen was created by Hong Kong. If Hong Kong is dead, Shenzhen will also die.”
“Interface News” reported on the 3 that Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, believes this increased support could create a consumer-oriented sustainable fiscal growth momentum (Shenzhen) and form a virtuous cycle of income and expenses.
Previous data from the Shenzhen Municipal Finance Bureau showed that from January to April 2022, Shenzhen’s general government budget revenue reached 130.98 billion yuan, a decline of 12.6% and a sharp decline of 44% in the only April. Shenzhen government budget spending in the first quarter increased by 10.9%, and total spending exceeded revenue by 19.188 billion yuan.
Shenzhen was originally a city that contributed financially to the CCP and its GDP per capita ranked first in China in 2019, but will drop to fifth in 2021. Affected by the epidemic, the growth rate and increase in GDP of Shenzhen last year ranked at the bottom of the four top-tier cities in “Beijing, Shanghai, Guangzhou and Shenzhen”, and the growth rate is also lagging behind the national average growth rate (8.1%).
The aforementioned “Opinions” also stated that the Ministry of Finance and other ministries and commissions supported Shenzhen in actively studying major national tax reforms. Radio Free Asia reported that this means that a new tax is being introduced, which is considered a property tax by the outside world.
In October last year, the Standing Committee of the Chinese People’s Congress decided to conduct a pilot project to collect property tax in some regions and to formulate a property tax law when conditions are ripe.
According to the legislation, the property tax in the pilot areas is subject to various types of properties such as “residential” and “non-residential”, with the exception of legally owned rural houses and their superior residences. The taxpayers of the property tax are the “right of use holders” and “home owners”.
The Wall Street Journal said in October last year that Xi Jinping appointed Deputy Premier Han Zheng to promote the collection of property taxes, but it was strongly opposed by the party, so pilot cities were cut down, worried about “problems. of social stability “.
Responsible editor: Xiao Lusheng
