Call for professional site valuations for property tax – The Irish Times … SUZANNE LYNCH A PROFESSIONAL property assessor should be used to undertake site valuations when the property tax is introduced, an economics conference heard yesterday. Speaking at the Dublin Economics Workshop in Galway, economist Ronan Lyons said a State-wide checklist should be introduced [...]
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Emer92da0c has written 95 articles so far, you can find them below.
Image: tlindenbaum via Flickr Aaron McKenna picked up our arguments for a Site Value Tax over a property tax in his article in The Journal. See extract below Efficient use A better property tax (or at least a less bad one) would be a site value based tax, such as that economist Ronan Lyons [...]
Smart Taxes does not agree with all of what Dermot has to say about a property tax below here – but that is not the point. The point is that we need this debate before any decision is made, hence we make space here for his opinion as a former Mayor of Dublin City. Don’t [...]
“The Fair Tax” was launched by Smart Taxes in Buswells hotel yesterday. Fr Sean Healy introduced the book with a call for general tax reform. He pointed out that Social Justice Ireland has always been a supporter of land value tax. A proposal for a land value tax to fund a citizens income has been floated in a recent European conference held on social justice issues, with which he heartily agrees. He commended the book using the words of economist Colm McCarthy in the preface.
Will the 99% of Irish people be bounced into a second bailout of the elite 1% that includes the bankers, speculators and property developers? Could it be happening again under the cloak of secrecy the new Coalition has built around their new property tax? This book "The Fair Tax" compiled by the Smart Taxes network and edited by Emer Ó Siochrú is a wake up call that must not be ignored by the Irish people...
Relaxing planning restrictions would lead to a rebalancing of land designations towards their most profitable use, namely residential housing and business. This would lead to a fall in house and business property prices as supply increased, and windfall gains to land owners. A concurrent LVT would capture some of those gains. As the tax base is observable and fixed, neither avoidance nor evasion is possible, making collection cheaper. Substituted for other distortionary and inequitable taxes such as council tax and business rates, LVT could also increase efficiency. Paired with an overhaul of the antiquated system of land-use planning, it would boost growth and ease budgetary woes.