Sunday, November 29, 2009

The inequalities of a property tax which isn’t quite Land Value Tax

Rate hike threatens existence of rural petrol stations

Hundreds of rural petrol stations face closure if an increase in business rates is pushed through next April, forecourt owners have warned. Forecourt shop owners argue that they are being placed at a potentially-fatal disadvantage against high street convenience store retailers because the rateable value of a petrol station is based on its relatively high turnover. Conversely, stand-alone convenience retailers – such as Tesco Express – have their rateable value calculated on their square footage. This means that the petrol station owners have a far higher rateable value and will face steeper potential rates increases next year. [This wouldn't happen with a sensible Land Value Tax!]

Posted by drewster @ 09:57 PM (1009 views)
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5 thoughts on “The inequalities of a property tax which isn’t quite Land Value Tax

  • Certainly doesn’t sound fair, and I’m not one to agree to unfair play. However, the playing field remains ‘un-level’, in many many areas.

    I’m going to miss my regular family visit to Borders book shop, for one! How on earth it expects to compete with on-line bookshops I do not know.

    Looking into the future, I wonder what products will be available from retailers (Other than the likes of Tesco’s).

    Off-shore trusts are also unfair. Good luck to those who can do it, but don’t think for one minute it’s not at the expense of the little man in the street.

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  • Borders: it was the internet wot did it!

    Telegraph: Writing was on the wall for Borders’ business model

    Borders UK did not collapse because it was massively overleveraged or even because of the recession. The bookseller suffered from an old-fashioned problem: its business model no longer worked.

    Sales have migrated to online retailers and supermarkets. Trade journal The Bookseller estimates Amazon now handles almost 20pc of sales in the UK’s £1.9bn book market, only slightly behind the share of retail leader Waterstone’s. For some popular titles, supermarkets pile ’em high and sell ’em cheap – taking more than 50pc of the market.

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  • ‘Expects’ should have been ‘expected’.

    My 1st post was implying it was the internet.

    As many retailers are finding and will continue to find, the internet is a huge threat. The only threat to the internet surely, is whether we have enough electricity/power to keep the computers switched on?

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  • stillthinking says:

    The government probably finds bust retailers more acceptable than a bust government.

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  • the number cruncher says:

    Another torygraph article to wedge a division between the rural and urban populations. This IMO helps keep the fear of the urban poor fresh in the minds of Tory voters. All reactionary groups need an enemy and a sense of injustice if they are to control the beliefs of their supporters.

    Editorial policy = Hand outs for the rich and rural – withdrawal of benefits for the urban poor.

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