Replacing business rates: taxing land, not investment

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Originally published at

With Andrew Dixon, Dominic Humphrey and Max von Thun

Very quick summary:

  • Offers a blueprint for replacing Business Rates with a commercial land value tax (with a focus on England and Wales)
  • Models commercial land values and calculates what tax rate would be needed
  • Discusses the likely economic benefits of this change, and of abolishing commercial stamp duty land tax
  • Shows for the first time what the regional impacts would be, with bigger tax cuts in poorer parts of the country
  • Looks at how existing Business Rates reliefs might be replaced.

Covered in The FT, The Sun, The Daily Mail and more. Adopted as Lib Dem policy at Autumn Conference 2018.

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