Discussion on the Potential Impact of Land Value Tax on Chongqing Real Estate Market
DOI:
https://doi.org/10.54097/fbem.v9i3.9427Keywords:
Land Value Tax, Chongqing Real Estate, Potential Impact.Abstract
This paper attempts to analyze the potential impact of land value tax on Chongqing Real Estate Market. The paper will assess the fairness and efficiency of the land value tax, where efficiency refers to the maximization of utility whereas economic fairness means that all stakeholders have the same access to the resources plus a reasonable and equal significance. This study concludes that the land value tax is both fair and efficient on the basis of its equitable distributions among stakeholders and the minimal market distortion in comparison with other types of tax.
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