Thursday, September 4, 2008

Bit of Sanity in a Crazy World

Intelligent ways of repairing the UK home loan market

Doing away with stamp duty would be a good idea regardless of the state of the housing market. Stamp duty is a stupid tax, which penalises transactions in housing. It taxes labour mobility. If the government wants to tax wealth, let it tax wealth, but not transactions in specific assets.

Posted by stevie dee @ 04:44 AM (422 views)
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