Read Replacing business rates: taxing land, not investment here.

 

 

Originally published at https://www.libdems.org.uk/taxingland-notinvestment

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.