A Study on the Taxation Scope of Property Tax on the Building Equipped with Special Facilities
Asian Tax Journal Vol. 1 No. 2 (2000)
Abstract
This study attempts to improve taxation scope in imposing property tax on the building equipped with special facilities. At present the taxpayer who is liable to pay propoerty tax objects the application of addition rate in calculating taxable amount on the building equipped with special facilities. In progressing our study, we have thorough grasp of the problem concerning the property scope liable for taxation and the calculation of taxable amount in imposing property tax on the building equipped with special facilities. Then we propose improved property tax plan in terms of taxation fairness. To the conclusion of our study, the clause of property tax in the Local Tax Law code be revised as follows : First, we propose that the clause of taxation scope in imposing property tax on the building equipped with special facilities be revised to comprise those special equipments because those special equipment have property value obviously. Second, we propose that the code of addition rate in calculating taxable amount in property tax in imposing property tax on the building equipped with special facilities be repealed because the addition rate does neither reflect the increase in utility of building attributed to special facilities properly nor pursue taxation fairness owing to application of equal addition rate regardless of the grade of special facilities equipped.
Keywords
- Building
- Property Tax
- Special Facilities
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