Dan Peters 09 November 2023

Land value tax could redistribute billions

Land value tax could redistribute billions image
Image: Irene Miller / Shutterstock.com

A plan to reform business rates could lead to billions of pounds being redistributed from high land value areas to other parts of the country.

The report by the New Economics Foundation (NEF) think-tank called for the land value amassed in places like London to be exploited.

Under the proposal, a business property tax would be levied on rents paid by businesses and retained locally while a new land value tax paid by landlords would be created and redistributed by Government from high value areas to other parts of the country.

To continue reading this article visit The MJ (£).

SIGN UP
For your free daily news bulletin
Highways jobs

Chief Executive

Ebbsfleet Development Corporation
up to £165,000
Ebbsfleet is one of the UK’s most ambitious regeneration projects, a 21st-century Garden City Ebbsfleet, Kent
Recuriter: Ebbsfleet Development Corporation

Virtual School Inclusion Support Officer

Essex County Council
£32768.0000 - £38550.0000 per annum
Virtual School Inclusion Support OfficerPermanent, Term Time£32,768 to £38,550 per annum (full time equivalent)Location
Recuriter: Essex County Council

Senior Business Development Officer

Essex County Council
£36341.0000 - £42754.0000 per annum
Senior Business Development Officer - Integrated Passenger Transport UnitFixed Term, Full Time£36,341 to £42,754 per annumLocation
Recuriter: Essex County Council

Adults Social Worker - Neighbourhood Team

Essex County Council
£37185 - £50081 per annum + Flexible Working, Hybrid Working
Interview dates
Recuriter: Essex County Council

Investment Marketing and Web Officer CDC

City Of Doncaster Council
Grade 8, £33,708 - £37,399
The postholder should be experienced in planning social media activity, refreshing web content and analysing their impact. Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council
Linkedin Banner