Skip to main content

You are here:

From Tax Justice Network

Written on . Posted in Practicalities.

“If they (the wealthy) don’t want to pay land taxes, they shift all their income-generating assets somewhere else (that won’t subject them to land value tax.) Offshore. They have escaped the land value tax. None of this is to say that land value taxes aren’t good. Quite the contrary. It’s just that they can only ever be part of a solution.”

Can someone please explain how the Duke of Chelsea, for example, is going to move Sloane Square and the surrounding neighbourhood to an offshore location?