The land market currently distorts our economy. Unlike investment into tools, machinery, computers, new factories and capital equipment, greater investment into landholdings creates no new wealth. An annual Site Value Tax on the value of zoned land would help build a sensible and realistic land market, encouraging landowners to develop and maintain their land or release it for sale. Smart Taxes has just released a brochure which provides a clear overview of how such a tax could be implemented in Ireland, as well as the improvements it would bring about.
About Dara McHughWebsite: http://smarttaxes.org
dara has written 16 articles so far, you can find them below.
Smart Taxes, along with Coastwatch and the Irish Seal Sanctuary, has submitted a letter of enquiry to Minister Simon Coveney of the Department of Agriculture, Fisheries and Food, regarding Jim Higgins MEP’s call for an increase in de minimis financial assistance for fisheries.
Smart Taxes has concluded its research report on fisheries conservation. The report, conducted by Edward Fahy, recommends that the lower rate of excise duty taxation for marine diesel be removed when vessels fish in recovery zones with active gear.
George Monbiot has an article in the Guardian about housing under-occupancy, drawing attention to two contradictory housing crises: under-supply of housing stock and under-occupancy of existing houses. The issue is surplus housing – the remarkable growth of space that people don’t need. Between 2003 and 2008 (the latest available figures), there was a 45% increase [...]