The poor subsidise the rich
Series: Estates Gazette ; (0212) 23 March 2002, 125(1)Publication details: 2002Subject(s): Summary: Argues against the introduction of the valuation white paper's rate relief scheme, claiming it imposes a charge upon those businesses least able to pay a premium to reduce the liability of those businesses most able to pay. Government intends to change the current system so that any transitional adjustment is eliminated by the fifth year of the revaluation cycle, and the proposed scheme will apply to every property in England whose rateable value has increased by a percentage different to the national figure.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65444 (Browse shelf(Opens below)) | 1 | Available | 117615-1001 |
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Argues against the introduction of the valuation white paper's rate relief scheme, claiming it imposes a charge upon those businesses least able to pay a premium to reduce the liability of those businesses most able to pay. Government intends to change the current system so that any transitional adjustment is eliminated by the fifth year of the revaluation cycle, and the proposed scheme will apply to every property in England whose rateable value has increased by a percentage different to the national figure.