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Greens urge consideration of Land Value Tax |
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Wednesday, 30 May 2007 |
Government and opposition parties will need to embrace more radical thinking in order to make Scotland a fairer society, according to the Scottish Green Party.
Speaking ahead of a debate entitled “Wealthier and Fairer”, Patrick
Harvie MSP, Green Party policy convener, said that the political
mainstream had abandoned any attempt at sharing wealth more fairly in
society, and urged parties to resist the idea of replacing an unfair
property tax with an unfair income tax and reconsider the Greens’
proposal for Land Value Taxation (LVT)
Under the Greens’ proposals for LVT, the basis of assessment would be
land value with the owner of the property rather than the occupier
liable. Furthermore, rebates on second homes, exemptions on empty
property and discounts on under-utilised property would be abolished. A
new means of payment would also be introduced to allow liable persons
of low income or insufficient liquidity to elect to defer payment.
The Greens argue that these proposals would mean savings for low income
households, as well as other benefits such as exemptions and discounts
for pensioners, freeing up derelict and underused land and empty
properties and stabilise the housing market.
However, Harvie said that a review of local government finance in the
last parliamentary session failed to properly investigate LVT as an
option.
"All the other parties are thinking far too narrowly on this issue -
the new politics should look at all the options. It is a shame that the
Burt review did not examine Land Value Tax other than taking a cursory
glance.
“LVT will target the asset rich, not the poorest in society and is an
inherently fairer system all round. It will drive efficiency throughout
the land-use system, make more land available and resist speculative
planning proposals which distort the market. It will offer public
benefits, which are currently captured by private interests.
“I urge all parties, and there are LVT supporters in the SNP, Labour
and the Lib Dem ranks, to consider LVT as a possible opportunity to
break up the polarised arguments over local income tax versus minor
tinkering of Council Tax.”
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Last Updated ( Wednesday, 30 May 2007 )
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