Equity And Efficiency Effects Of Land Value Taxation
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Equity And Efficiency Effects Of Land Value Taxation
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Author : Gregor Schwerhoff
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-16
Equity And Efficiency Effects Of Land Value Taxation written by Gregor Schwerhoff and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-16 with Business & Economics categories.
It is a well-known result in economics that land value taxation is efficient since it does not distort the supply of the tax base. Considering only efficiency, land value should thus be fully taxed. Using optimal taxation theory with heterogeneous households, we show that it may be optimal not to tax land value fully for distributional reasons. The decisive variable is the covariance of land value held by households and their social welfare weight. Empirical data from the US and France, however, indicates that ownership of land value (in absolute terms) is negatively correlated to the social welfare weight. Middle income households would pay relatively more land value taxes than high income households, but less in absolute terms. With reasonable revenue recycling, land value taxation would thus reduce the net tax burden of low and middle income earners, because they would benefit more from the recycling than they pay in additional taxes.
Land Value Taxation
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Author : K.C. Wenzer
language : en
Publisher: Routledge
Release Date : 2016-07-01
Land Value Taxation written by K.C. Wenzer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-01 with Business & Economics categories.
A distinguished interdisciplinary group of scholars examines the merits and shortcomings of Land-Value taxation, and how it compares and contrasts with the conventional property tax. The latter is shown as deterring enterprise to the detriment of employment and as pushing up the cost of improving property with inflationary consequences. The former, with evidence from places where it is already in use, is shown to encourage optimum land use, foster employment, and prevent urban sprawl.
Land Value Taxation
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Author : Richard F. Dye
language : en
Publisher:
Release Date : 2009
Land Value Taxation written by Richard F. Dye and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
"Provides historical, economic, political and legal perspectives for understanding the many issues surrounding land taxation." - cover.
Land Value Taxation
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Author : William J. McCluskey
language : en
Publisher: Routledge
Release Date : 2017-03-02
Land Value Taxation written by William J. McCluskey and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-02 with Law categories.
This study of the strategic, policy and operational characteristics of Land Value Taxation is a unique and original contribution to Elston knowledge. McCluskey and Franzsen provide a clear and detailed synthesis of existing Land Value Taxation systems and address the perceived advantages and disadvantages of such systems. The implications of this work, based on a two-tier analysis of selected countries, will be critical in terms of informing policy makers when contemplating reviews of existing Land Value Taxation systems or its possible introduction. The empirical research underpinning this work has attempted to concisely provide the role of land value systems within the selected case study countries. The work has clearly identified a number of challenges being faced by those countries and jurisdictions that currently utilise land value tax systems. Given these challenges this book is timely in that it provides detailed expositions of property tax systems that are undergoing significant change and reform.
Land And Taxation
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Author : Nicholas Tideman
language : en
Publisher: Shepheard Walwyn (Publishers) Limited
Release Date : 2023-01-31
Land And Taxation written by Nicholas Tideman and has been published by Shepheard Walwyn (Publishers) Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-31 with Business & Economics categories.
With an updated introduction by Fred Harrison, Shepheard Walwyn has now published this classic book as an eBook. Economists know that the optimum conditions for private enterprise are achieved when taxes on the earned incomes of labour and capital are reduced to zero but, because neoclassical economic theory insists on treating land as capital, they dismiss the obvious alternative to taxing labour and capital – the unearned income from land. Mason Gaffney explains the importance of recognising land as a distinctive factor of production and the consequences of its uniqueness for economic policy, for example, that income from land is subject to market forces quite different from those that determine a return on capital. Nic Tidman brings together the classical literature on land taxation to explain the argument that such taxation is an economically efficient and ethical revenue source. The authors argue that reform of the structure of public finance would make it possible to restore full employment without causing inflation and to reduce the overall tax burden. Once again, Shepheard Walwyn presents a different approach to an old problem.
Assessing The Theory And Practice Of Land Value Taxation
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Author : Richard F. Dye
language : en
Publisher: Lincoln Inst of Land Policy
Release Date : 2010
Assessing The Theory And Practice Of Land Value Taxation written by Richard F. Dye and has been published by Lincoln Inst of Land Policy this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Political Science categories.
The land value tax is the focus of this Policy Focus Report, Assessing the Theory and Practice of Land Value Taxation. A concept dating back to Henry George, the land value tax is a variant of the property tax that imposes a higher tax rate on land than on improvements, or taxes only the land value. Many other types of changes in property tax policy, such as assessment freezes or limitations, have undesirable side effects, including unequal treatment of similarly situated taxpayers and distortion of economic incentives. The land value tax can enhance both the fairness and the efficiency of property tax collection, with few undesirable effects; land is effectively in fixed supply, so an increase in the tax rate on land value will raise revenue without distorting the incentives for owners to invest in and use their land. A land value tax has also been seen as a way to combat urban sprawl by encouraging density and infill development. Authors Richard F. Dye and Richard W. England examine the experience of those who have implemented the land value tax -- more than 30 countries around the world, and in the United States, several municipalities dating back to 1913, when the Pennsylvania legislature permitted Pittsburgh and Scranton to tax land values at a higher rate than building values. A 1951 statute gave smaller Pennsylvania cities the same option to enact a two-rate property tax, a variation of the land value tax. About 15 communities currently use this type of tax program, while others tried and rescinded it. Hawaii also has experience with two-rate taxation, and Virginia and Connecticut have authorized municipalities to choose a two-rate property tax. The land value tax has been subjected to studies comparing jurisdictions with and without it, and to legal challenges. A land value tax also raises administrative issues, particularly in the area of property tax assessments. Land value taxation is an attractive alternative to the traditional property tax, especially to much more problematic types of property tax measures such as assessment limitations, the authors conclude. A land value tax is best implemented if local officials use best assessing practices to keep land and improvement values up to date; phase in dual tax rates over several years; and include a tax credit feature in those communities where land-rich but income-poor citizens might suffer from land value taxation.
The Effects Of Land Value Taxation In A Computable General Equilibrium Model
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Author : Alex Anas
language : en
Publisher:
Release Date : 2015
The Effects Of Land Value Taxation In A Computable General Equilibrium Model written by Alex Anas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The paper reports on the application to land taxation, of the RELU-TRAN model, a spatially detailed general equilibrium model of a regional economy that treats labor and building markets, production of goods and services and real estate development. The model is used to investigate the efficiency gains that can be obtained by switching from the conventional ad-valorem property tax (CPT) to a uniform ad-valorem land tax (ULT) on residual imputed land value. The ULT is not a perfectly neutral tax but it has the advantage that it is relatively easily implementable and the fact that it is proportional to imputed land value, makes the ULT fair and defensible. The simulations are done by using the Los Angeles version of RELU-TRAN, calibrated for the year 2000. Three types of tax switches are evaluated. In the first, the CPT revenue is fully replaced by the ULT revenue and higher levels of the ULT are examined. In the second and third simulations the ULT is used in place of the CPT. In the second, 10% of the revenue from the combined Federal and State income tax is replaced by the ULT and in the third, 10% of the sales tax revenue is replaced by the ULT. Except for the third simulation, all the others show that the switch to the ULT does increase total welfare calculated as the sum of an approximate measure of consumer surplus, total tax revenues from all tax bases and aggregate change in the value of real estate (the only source of non-zero producer surplus in the model).
Taxation Of Land Values As It Affects Landowners And Others
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Author : John Orr
language : en
Publisher:
Release Date : 1912
Taxation Of Land Values As It Affects Landowners And Others written by John Orr and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1912 with Land categories.
Time For Land Value Tax
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Author : Dominic Maxwell
language : en
Publisher: Institute for Public Policy Research
Release Date : 2005
Time For Land Value Tax written by Dominic Maxwell and has been published by Institute for Public Policy Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
There is a growing consensus that property taxation needs reform . . . Land Value Taxation could help in the reforms of Council Tax, local government finance, planning and housebuilding, as well as promoting macroeconomic stability. Introducing any changes will require long-term planning, detailed economic and distributional analysis - and, above all, political courage. But, with vision and patience, a consensus is possible. Now is the time to seek it.Time for Land Value Tax? brings together leading economists and political theorists to explore the case for and against land value taxation.
Land Value Tax
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-02-10
Land Value Tax written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-10 with Business & Economics categories.
What is Land Value Tax A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Land value tax Chapter 2: Tax Chapter 3: 1978 California Proposition 13 Chapter 4: Georgism Chapter 5: Property tax Chapter 6: Geolibertarianism Chapter 7: Single tax Chapter 8: Taxation in the United Kingdom Chapter 9: Ad valorem tax Chapter 10: Affordability of housing in the United Kingdom Chapter 11: Taxation in New Zealand Chapter 12: Valuation Office Agency Chapter 13: Value capture Chapter 14: Optimal tax Chapter 15: Taxation in Denmark Chapter 16: Land value tax in the United States Chapter 17: Prosper Australia Chapter 18: Property tax in the United States Chapter 19: Joseph Jay Pastoriza Chapter 20: Land Tax (England) Chapter 21: Taxation in Ethiopia (II) Answering the public top questions about land value tax. (III) Real world examples for the usage of land value tax in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Land Value Tax.