Tuesday, May 11, 2004
Scotsman.com Business - Radical reform could change Lie of the Land
Scotsman.com Business - Food, Drink & Agriculture - Radical reform could change Lie of the Land:
But first and foremost introduce land value taxation. Revenue from this would, he says, be substituted for income tax, VAT, corporation tax and NIC.
Land-rent charges should be levied on all land, urban and rural. Land prices would fall, giving tenants and new entrants more chance, while scrapping subsidies would mean that returns would be related only to a farm's productive capacity which would be a good thing for farmers, employees and the rural economy as a whole.
Thanks to Mark Monson
But first and foremost introduce land value taxation. Revenue from this would, he says, be substituted for income tax, VAT, corporation tax and NIC.
Land-rent charges should be levied on all land, urban and rural. Land prices would fall, giving tenants and new entrants more chance, while scrapping subsidies would mean that returns would be related only to a farm's productive capacity which would be a good thing for farmers, employees and the rural economy as a whole.
Thanks to Mark Monson
