alt Hacker NewsThere are some analogues of a land tax in the UK. Council tax for residential property, rates for businesses, and the upcoming mansion tax.
There are some analogues of a land tax in the UK. Council tax for residential property, rates for businesses, and the upcoming mansion tax.
And 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?