Distributional Consequences of Converting the Property Tax to a Land Value Tax: Replication and Extension of England and Zhao

2008 ◽  
Vol 61 (4, Part 1) ◽  
pp. 593-607 ◽  
Author(s):  
John H. Bowman ◽  
Michael E. Bell
2019 ◽  
Vol 34 (3) ◽  
pp. 213-220
Author(s):  
Kevin Muldoon-Smith

How can Government and the Treasury reconcile two often contradictory aspects of the commercial property tax model in England? On the one hand, commercial property tax is required to be responsive to economic conditions, promoting investment in property and business. On the other hand, local commercial property tax, in part, is required to fund local public services. This situation reveals a contradiction in government tax policy that has a direct impact upon local, regional and national economic activity. This Viewpoint article considers the nature of commercial property tax in England, the business rate system, the competing pressures upon the business rate system before considering the main alternative on offer in England, land value tax. Despite the undoubted economic elegance of this instrument, any move towards land value tax should be approached with caution. Any solution to the current business rates impasse should not be led by a pragmatic focus on tax collection. Nor should prevalent issues, the high street, the need for digital tax or public finance demands be considered in isolation – they should be tackled together because they are part of the same complex situation.


2009 ◽  
Vol 85 (4) ◽  
pp. 576-586 ◽  
Author(s):  
J. I. Chapman ◽  
R. J. Johnston ◽  
T. J. Tyrrell
Keyword(s):  

2020 ◽  
Author(s):  
Cameron Murray

• Increasing land tax rates appears to have deterred housing speculation• Future land tax obligations are already capitalised into lower land prices• Because of this, new home buyers save between $1000 and $2000 per year on mortgage costs• New housing construction has remained strong during the tax transition period• Residential rental growth is at historical lows, benefiting renting households• The distribution of land tax obligations between different types of land holders is the main political sensitivity


2009 ◽  
Vol 4 (1) ◽  
pp. 45-64 ◽  
Author(s):  
Seong-Hoon Cho ◽  
Seung Gyu Kim ◽  
Roland K. Roberts

2020 ◽  
Vol 94 ◽  
pp. 104494 ◽  
Author(s):  
Cathy Hughes ◽  
Sarah Sayce ◽  
Edward Shepherd ◽  
Pete Wyatt

2020 ◽  
Vol 20 (20) ◽  
pp. 123-159
Author(s):  
林俊宏 林俊宏 ◽  
陳雪貞 Jim Lin

鑒於近年來房地價格異常上漲,逐步造成房地持有人與租戶間貧富差距拉大,因過往稅制對房地上漲的利潤只課徵偏低的稅負,加速了社會對房地投機的心態,並使房地產價格居高不下,政府為抑制房價快速飆漲,進而修正稅制而實行房地合一所得稅制度,期盼此一制度能有利房價回歸至合理價位。修正前我國房地出售時,土地應課徵土地增值稅,房屋應併入課徵所得稅,理論上,土地增值屬財產交易所得之一種(機會稅),應課徵所得稅。但因為我國已將土地之增值部分課徵土地增值稅,故不再課徵綜合所得稅,因此土地增值稅與綜合所得稅乃採分離課稅的形式。然而分離課稅不能正確衡量納稅義務人之納稅能力,基於漲價歸公的理念,新制房地合一所得稅希藉以補足原土地增值稅未核課部分來抑制房價,但新制實施至今仍有許多未盡之處仍有待討論,因此本文特別針對土地增值稅與房地合一所得稅在課徵範圍、課徵稅率、土地現值計徵標準、稅額計算之優惠及扣除項目等加以比較研究,並提出本文看法。Due to the unusual increase of real property prices in the recent years, the wealth gap between the property holders and the tenants has gradually widened. In the past, the government merely imposed the lower property tax on the rising property profits, so that it has accelerated the social speculation on premises and let the real property prices remain high. For balancing the rapid rise in real property prices, the government had adjusted the property tax and implement the “Integrated Housing and Land Tax” in order to guide the real property price into a reasonable price. Before the implementation of the new tax on per real property transaction, the land should be subject to the old “Land Value Increment Tax,” and the house should be calculated into the income tax. However, the old separately calculation measures on real property tax cannot reflect the taxpayer’s taxability. Based on the idea of confiscating the land profit increase, the new tax has been used to supplement the untaxed part of the old tax to curb the real property prices. However, there are still some imperfect parts on the new tax, this article thus hopes to specifically address and compare the scope, rate, quotation standard, calculation discount and the deduction items between the new “Integrated Housing and Land Tax” and the old “Land Value Increment Tax.”


2015 ◽  
Vol 42 ◽  
pp. 381-391 ◽  
Author(s):  
Yiming Wang ◽  
Dimitris Potoglou ◽  
Scott Orford ◽  
Yi Gong

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