Not all people who support land value tax (LVT) also support the idea of Universal Basic Income (UBI); and most people who support UBI don’t also support LVT (if they’ve even considered it). Nonetheless, it seems to me (Mark Wadsworth) personally that LVT and UBI share the same basic principles.
1. The philosophical level
Putting practicalities to one side, the basic assumptions...
Land Value Tax in action
From the BBC:
Leader Sir Ed Davey put forward his “sovereign green wealth fund” proposal at his party’s spring conference. He said the government raised £9bn last month from auctions to build wind farms on the coasts of England and Wales.
The “sovereign green wealth fund” is an irrelvance here. What triggers a tax and what the government does with the proceeds are two...
The car parks will survive just fine.
From The Daily Telegraph (£):
Japanese-owned NCP, which operates across 500 sites and employs more than 1,100 people, has written to landlords asking them to write off tens of millions of pounds as it scrambles to strike a deal with landlords by April.
“Without a fundamental shift in NCP’s commercial arrangements with landlords, there can be no certainty that NCP will be able to survive,” the operator...
Institute for Economic Affairs on top form
From the IEA:
* The UK could have a tax system that has a low negative effect on welfare and efficiency, with small compliance and administration costs; a system that is nondiscriminatory, avoids double taxation, and that is transparent and easy to understand.
* As such, we suggest that the TV Licence, Inheritance Tax, Stamp Duty Land Tax, the stamp duties on buying shares, the Apprenticeship Levy,...
“Silver bullet housing policy could make homeowners millions”
Lola emailed me a link to this regurgitation of the press release:
New modelling shows that the average homeowner who did take up the scheme could make hundreds of thousands, or even millions of pounds, depending on where they live – after building costs and costs of finance. One worked example in the paper shows how a post war cul de sac in Barnet could voluntarily decide to uplift. This would...
Land Value Tax implementation – the easy way
Anytown District CouncilHigh Street Anytown AN1 1AAxx January 202x
Mr & Mrs Smith1 Acacia AvenueAnytown AN2 4BQDear Mr & Mrs Smith
Your Domestic Rates bill 202x-2y – property ref. XYZ1234
Following enactment of The Tax Simplification Act 202x, various taxes will be abolished and replaced with a single tax on land and buildings with effect 1 April 202x. The taxes which will be replaced...
Getting the most from this website
Our website was redesigned after about fifteen years so as to make it readable on mobile devices. More than 1100 articles have been brought across from the old website, including many pdf downloads which can be printed off as properly formatted documents. Also included are most issues of the publication Practical Politics. This was a current affairs and news commentary which was distributed to Members...
Who really owns the UK?
Who really owns the UK? Website with good infographics.
Digital tax EU fail
President Trump is stepping in to the dispute over EU proposals for digital taxes. That raises important questions. What do the US tech giants owe to foreign governments that they do not already pay through existing taxes? How exactly do these obligations and liabilities arise?