In this month’s July 2017 Taxcast: we explore Land Value Tax and the billions in revenue we’re missing out on. Plus:
- Tax Haven USA signs up to potential sanctions and blacklisting of the few nations still refusing to comply with international financial transparency rules, which would er, include itself as the world’s prime offender. Did Team USA read the small print? And will the G20, OECD and the EU really blacklist one of the world’s biggest economies?
- Also, at last, Members of the European Parliament vote for public country by country reporting for the world’s biggest companies – but a last minute amendment was tabled…
Land value taxation, an annual charge on the value of land, has been talked about for a very, very long time. In the UK it was proposed in the people’s budget of Lloyd George in 1909, and in the subsequent election campaign it became such a hot issue the governing liberal party made a song about it, “The Land”, their election anthem in a time before party political broadcasts. You can hear the original 1909 recording here.