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上海财经大学投资系
2018年系列学术报告第14期
【主题】Tax Evasion, Capital
Gains Taxes, and the Housing Market
【主讲】吴璟，清华大学建设管理系副教授、系主任
【时间】2018年12月7日（周五）14:00-16:00
【地点】上海市杨浦区武川路111号上海财经大学凤凰楼303室
【主办】上海财经大学公共经济与管理学院投资系
【主持】张莉 助理教授
【摘要】In this paper, we exploit
a policy shock that differentially increased capital gains taxes for some residential
property sellers and document tax evasion in the residential resale market in
China. Having precise information of the transaction price and the reported
price to the tax authority, we show that after the capital gains tax increase,
property seller’s reported price at the tax authority is 15% lower. We also
document that the policy has strong heterogeneous effects, wealthy cash buyers
are 5.6% more likely to buy a house as opposed to buyers who need financing.
This is mainly because financing buyers would like to have a higher reported
price to secure higher bank financing but the seller wants to have a lower
reported price to evade taxes. This exasperates wealth inequality in a rising
housing market.
【主讲人介绍】吴璟，清华大学建设管理系副教授、博士生导师。主要研究领域为城市和房地产经济学、房地产金融与投资、地方政府行为。现任清华大学建设管理系系主任、清华大学恒隆房地产研究中心执行主任。已在Journal of Urban Economics、Review of Finance、Urban Studies、Real Estate Economics、Journal of Real Estate Finance and Economics、经济研究等国内外期刊发表论文70余篇。担任China Economic Review期刊副主编，以及Journal of Housing
Economics、Housing,
Theory and Society、Urban Policy and Research期刊客座主编。 |
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