It does capture the increased value of the land around the shops though. Transferring that to the retailer is harder, as you say
It can be transferred by lowering sales or corporate taxes. It is also indirectly transferred by encouraging more valuable land use around the retail like public transport or complementary businesses.
It can be transferred by lowering sales or corporate taxes. It is also indirectly transferred by encouraging more valuable land use around the retail like public transport or complementary businesses.