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We explore Land Value Tax in the Tax Justice Network July 2017 podcast

July 20, 2017   Blog, Regular Features

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 Tax: back on the table in the UK

October 7, 2014   Blog
Landlords grow rich in their sleep without working, risking or economizing. The increase in the value of land, arising as it does from the efforts of an entire community, should belong to the community and not to the individual who might hold title.

“Landlords grow rich in their sleep without working, risking or economising. The increase in the value of land, arising as it does from the efforts of an entire community, should belong to the community and not to the individual who might hold title.” John Stuart Mill, Political Economy, 1848

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.

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