Ash4781 Posted May 15, 2015 Share Posted May 15, 2015 http://www.centreforum.org/index.php/14-news/releases/749-the-final-nail-in-the-coffin-mansion-tax Http://www.centreforum.org/index.php/toppublications I don't know the think tank background but they propose a reform of the council tax system. I haven't finished reading their proposal. Quote Link to comment Share on other sites More sharing options...
The Young and the Nestless Posted May 17, 2015 Share Posted May 17, 2015 It looks like that report was timed to coincide with a Labour win or coalition which didn't happen, and attempt to stomp on a potential mansion tax. (So this is the report the Tory press would be using to attack the mansion tax had a Lab/SNP/Lib coalition won). It's funny that they prefer to use the phrase 'economic rent on land' instead of "land value tax" which is what they are describing (unless I am mistaken). Also they go into the depths of discussion about the unfairness of mansion tax, but neglect to mention ways a land value tax can also be 'unfair' (if someone moves to a low-land-value area and it becomes high-land-value later etc.) i.e. it is a deep drive against mansion tax but a shallow argument for LVT. Also, they mention that Mansion tax was devised to be easy to calculate by not needing to value most properties under the £2m threshold, yet they don't mention that LVT would need require the valuation of all owned land in the UK, on an ongoing basis. Personally I'm not sure I think LVT is as 'fair' as Multiple Property Tax, but it seems no 'policy think-tanks' agree with me on this. Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted May 17, 2015 Share Posted May 17, 2015 Also they go into the depths of discussion about the unfairness of mansion tax, but neglect to mention ways a land value tax can also be 'unfair' (if someone moves to a low-land-value area and it becomes high-land-value later etc.) Because there are no ways in which a LVT is unfair. Quote Link to comment Share on other sites More sharing options...
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