> The i Paper has been told that Treasury officials were also looking at their options for overhauling the way property is taxed ahead of Burnham entering No 10 in order to brief the incoming government.
>
> Two models are competing for support: a proportional property tax, which would replace both council tax and stamp duty with a flat 0.48 per cent annual charge on a home’s current value; or a land value tax – an annual charge based on the value of the land a property sits on, rather than the building.
Maximilianne on
Critical support (as original intended) for Andy Burnham and georgist thought ✊
EconomistsHATE on
The two proposed replacements are ^(smol lvt) >!(as opposed to The Proper Land Value Tax Like Henry George Intended)!<and property taxes.
While one option is clearly better, both options would be significantly better than current state of things.
No1PaulKeatingfan on
Use LVT to replace business rates too whilst we’re at it
5 Comments
> The i Paper has been told that Treasury officials were also looking at their options for overhauling the way property is taxed ahead of Burnham entering No 10 in order to brief the incoming government.
>
> Two models are competing for support: a proportional property tax, which would replace both council tax and stamp duty with a flat 0.48 per cent annual charge on a home’s current value; or a land value tax – an annual charge based on the value of the land a property sits on, rather than the building.
Critical support (as original intended) for Andy Burnham and georgist thought ✊
The two proposed replacements are ^(smol lvt) >!(as opposed to The Proper Land Value Tax Like Henry George Intended)!<and property taxes.
While one option is clearly better, both options would be significantly better than current state of things.
Use LVT to replace business rates too whilst we’re at it
Dear Lord Please.