Empirical Research on the Determinants of Effective Tax Rates of the Real Estate Industry

In recent years, the real estate industry has played a more and more important role in the national economy along with its continuous development and grandness. Thus, the real estate industry has gradually become one basic and backbone industry of our national economy. However, it can easily induce speculation and market foam in the real estate trade. Therefore, it needs the government who can intervene and regulate the real estate market, using appropriate and long-term economic means. Of course, all must act on the premise that the government has fully played the role of market mechanism. The means of tax policy is undoubtedly the most direct and effective control measure. This paper has researched the determinants which can influence the effective tax rate of the real estate enterprises, based on comprehensive research in the related tax burden theory and the current situation of the development of real estate industry in China. At last, this paper puts forward some relevant countermeasures and suggestions, according to the empirical results from the aspects of real estate listed company.