Incentive Taxation
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Recent Posts

LVT in Los Angeles? Op-Ed says go for it.
Welcome to the Zany World of NYC's Property Tax
Land Value Taxation in Jamaica: Now More Than Ever
Part 1, Land Value Taxation: Politics, Persuasion, and Practicality - A How-To
2016: Another Year of Advances and Retrenchment

Most Popular Posts

Noted UK Think Tank: Tax Land Values
Eliminating the property tax? It must not happen, but we’ll see what happens.
Altoona, PA: City tax wholly on land values = normality
Land Value Tax in Britain: Progress While the Rear Guard Digs In
Dr. Herbert Barry's Proposal to Really Reassess Allegheny County

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Incentive Taxation

United Kingdom

Adam Smith institute Joins Adam Smith in Supporting LVT



As ferment increases in the UK in 2015 over the lack of affordable housing, massive land speculation and the difficulty of native High Street businesses to pay their rates, we are pleased to see that the Adam Smith Institute understands that, like their namesake,land value taxation may be the way forward out of a fiendishly complicated local tax system that discriminates between residents and business, and rewards vacancy and blight.


As the author of the Wealth of Nations stated nicely, from The Wealth of Nations (Book 5, Chapter 2) he nicely stated:

Land Value Tax in Britain: Progress While the Rear Guard Digs In

Time for a Sea Change: UK Business Secretary Vince Cable

The drumbeats for land value  tax are louder in the United Kingdom, and coming from all corners of the nation. As UrbanTools hasreportedon severaloccasionsover the pastyear, land value tax is being mooted by a veritable rainbow of the political and economic spectrum.

The latest very good news is that Vince Cable, the Liberal Democrat Business Secretary in the coalition governmenthas clearly come out for a serious policy debateabout the introduction of a national land value tax.

The Economist returns to Its roots (most often found in land)















Glasgow: time to stop the private warehousing of land

In 1843, a newspaper named"The Economist"came into being with amission that promisedto discuss and promote ideas of fair trade, liberal economics, free markets and issues of taxation and rent. 

Astoundingly, the Economist stuck to its mission, more or less, although one may - and one does - quibble with its flirtations withflailing neo-classical economics, coupled with some infatuation with permanent Keynesianism.

Land Value Tax: UK Rules OK

The drum beat gets louder for serious and sustained debate on all sides of the political spectrum - and all areas - of the UK for land value tax.  From those of us in the US, the pace is dizzying, and is in stark and disgraceful contrast to the fear of all political sides to grasp the nettle, and fix the long retraction that affects all parts of the nation.

This week, the Guardian, a reliably left-of-center newspaper of record has yet another articleengaging LVT,  (Coincidentally, the Economics correspondent of the Guardian

Cymraeg treth tir gwerth (Welsh land value tax)

Welsh Land Value Tax

Wales AP Member Mark Drakeford

Without fear of contradiction, it is easy to assert that the concept of tax reformnowfrom global to local has taken off in the past three years.  The global economic downturn still lasts, and postindustrial areas in North America, Europe are in particular need of a way to level the playing field with more efficient and competitive Asian, African and Latin American markets.
Although governments may dither, leaders have emerged all over the world ready to challenge dominant, smug yet failed policies.

UK's Institute for Fiscal Studies Agrees with OECD (and us): Tax Land Values for a Healthier Economy





The clocks ticks on bad tax policy as the big dogs jump in.


Not too long ago, a Blair wallah sniffed at a land value tax as akin to the window tax  of 18th Century yore. In the face of a very possible  recurring recession, the easy condescension is increasingly out of place...

Background: UrbanTools always looks internationally to developments in other think tanks and nations for a sense that old methods taxation and finance cease to be based in terms of left or right, but rather on what works and what doesn't.

Noted UK Think Tank: Tax Land Values

Institute for Fiscal Studies take a look at economic growth and community sustainability in the UKInstitute for Fiscal Studies Concludes LVT is best for local finance
 
 
The Institute for Fiscal Studies as well-respected civic research group has been working on a non-partisan basis for many years in the UK. With LVT debate reaching the highest levels of government, the Institute tackled the issues of local government finance in the the Mirrlees Review.
 
The ISF's Stuart Adam provides both background and a matrix of preference taxation plans.  UrbanTools might quibble with the finding that land and building values will be difficult to split, as well as concluding taxation of residential buildings is a good facet of tax policy, but overall it's an unjaundiced look at a program that may provide useful revenues with blocking economic growth and community sustainability.