A smart tax
Series: Estates Gazette ; (0510) 12 March 2005, 54-57(4)Publication details: 2005Subject(s): Summary: Building and operating public transport links brings benefits to affected landowners through increasing the value of their sites. Questions the fairness of this and considers the various tax and levy options, which might result in more equitable benefit to all parties. Suggests that a development land tax is the one tax to avoid but is more positive about a location benefit levy or land value tax, which applies to all sites and gives an immediate incentive to landowners to bring their land into better use. Proposes that a land benefit levy would be the fairest solution and explains how it would work in practice and that it would be cheap to collect and impossible to avoid.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68831 (Browse shelf(Opens below)) | 1 | Available | 129219-1001 |
Building and operating public transport links brings benefits to affected landowners through increasing the value of their sites. Questions the fairness of this and considers the various tax and levy options, which might result in more equitable benefit to all parties. Suggests that a development land tax is the one tax to avoid but is more positive about a location benefit levy or land value tax, which applies to all sites and gives an immediate incentive to landowners to bring their land into better use. Proposes that a land benefit levy would be the fairest solution and explains how it would work in practice and that it would be cheap to collect and impossible to avoid.