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A Land Value Tax for England

Rights campaigner Andy Wightman has written A Land Value Tax for England, which presents the case concisely. My only criticism is that he refers to “annual rental values” and then talks about an initial rate of around 2%, which is presumably 2% of the selling price, and therefore about 30% of rental value. Apart from the need to go over these figures, this can be recommended. It is not altogether clear if he is aware that existing taxes cut into the potential land value tax base. It is not something that needs to be spelled out in what is an introductory document as it is a difficult concept to grasp, but it means that the replacement of existing taxes by LVT sets in train a benign fiscal cycle which is precisely what a heavily indebted government needs to get out of its troubles.