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There are some analogues of a land tax in the UK. Council tax for residential property, rates for businesses, and the upcoming mansion tax.
by closewith 7mo ago
There are some analogues of a land tax in the UK. Council tax for residential property, rates for businesses, and the upcoming mansion tax.
- simonh 7mo agoAnd I think that makes sense because residences impose costs on local services. However if I write a novel aged put it on my bookshelf, or if I paint a picture ad put it on my wall, I’m not imposing a cost on anyone just because these might have some theoretical value. How would their value even be measured?