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I'd advocate for scrapping council tax and business rates, replacing them with a land value tax payable by the freeholder rather than occupant. I just don't se
by M2Ys4U 5y ago
I'd advocate for scrapping council tax and business rates, replacing them with a land value tax payable by the freeholder rather than occupant.
I just don't see the current Tory party touching it with a barge pole.
- aurbano 5y agoOnly issue is that UK politics are dominated by rich landowners...
- lovich 5y agoHow does that tax not just passed onto the occupant? When I was renting I was basically paying all my landlords costs for the property + profit on top. If there’s not enough units available or if the landlord class acts as a cartel in pricing then every cost is going to the occupant
- xyzzyz 5y agoThe tax incidence depends on the elasticities of demand and supply. Since the supply of land is, for practical purposes, perfectly inelastic, land value tax cannot be effectively passed onto the tenant. See https://en.m.wikipedia.org/wiki/Land_value_tax#Tax_incidence https://en.m.wikipedia.org/wiki/Land_value_tax#Tax_incidence
- GordonS 5y agoI'd love for council tax to be scrapped, but I'd prefer it to be replaced by a risen in income tax, with money dished out by Central government to local councils.