Investigation on Income Tax System of Consolidated Income from House and LandTransactionsâ€•In-depth Interview Method
Ching-Yi Hung and
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Ching-Yi Hung: Department of Public Affairs and Civic Education,National Changhua University of Education,Taiwan
Chia-Jen Chang: Department of Public Affairs and Civic Education,National Changhua University of Education,Taiwan
International Journal of Research in Business and Social Science (2147-4478), 2018, vol. 7, issue 1, 11-24
Based on the sayings of â€œFinance is the mother of civil affairsâ€ and â€œTax revenue is the context of national economyâ€ , a healthy tax system based on the alternating utilization of central and local tax systems is essential for achieving the administration by law and tax balance. In light of this, the Ministry of Finance has proposed the improvement project of â€œIncome Tax on the Consolidated Income from House and Land Transactionsâ€ . The third reading of â€œAmendment of Tax Act of Consolidated House and Land Taxation Systemâ€ was passed by the Legislative Yuan on June 5th, 2015, and it was promulgated on January 1st, 2016. The purpose of this study is to investigate the content of â€œIncome Tax on the Consolidated Income from House and Land Transactionsâ€ , including: 1. Is separate taxation a proper move? 2. Is the sunrise term appropriate? 3. Is it necessary to have the â€œanti-misuseâ€ term? 4. The tax exemption ofNT$ 4 million? 5. The effectiveness of tax revenue after suspension of luxury tax (also known as special sales tax) and the adoption of income tax on consolidate income from house and land? 6. Is it feasible for allocate tax revenue for expenditures of residential policy and long-term care? 7. Is the income tax on consolidated income from house and land in compliance with the principle of proportionality? This study is based on in-depth interview method along with literature review method for data collection and analysis. The results of this study indicate that: a separate taxation system is not appropriate in terms of income redistribution; the opposing party believes that sunrise terms are not appropriate; in theory the anti-misuse term -non-voluntary factors tax rate is not necessary; all interviewees agreed on the tax exemption of NT$ 4 million ; and the income tax on consolidated income from house and land is not in compliance with the principle of proportionality from the perspective of tax revenue. Key Words: Consolidated incom;Real estate;Taxation System;Principle of Proportionality
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Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijbrss:v:7:y:2018:i:1:p:11-24
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