ollie989898
Member
Reform the tax system, I wouldn't tax land. I would tax big companies.
So the landlord would have to increase the rent to cover the tax. The renter therefore pays the tax.Here in the U.S. its' the landowner who pays.
Not the renter.
It's hard to move land 'off shore' so easy to tax unlike Google etcReform the tax system, I wouldn't tax land. I would tax big companies.
exactly so.The Guardian article smacks of envy.
There is nothing stopping anyone getting out there and buying as much land as they want, its a free market just dig deep and cut that check.
How will the tenant find the extra rent?So the landlord would have to increase the rent to cover the tax. The renter therefore pays the tax.
No, I don't think it would work like that.So the landlord would have to increase the rent to cover the tax. The renter therefore pays the tax.
Charging the tenant the rates would have to be made illegal, otherwise the same situation would occur as happens with shops.No, I don't think it would work like that.
Secure tenancies have their rent set by the earning capacity of the land, and modern fbt tenancies by the open rental market.
Neither of these allow for what you suggest may happen. Just my 2p!
in England its the tenant who pays the business ratesCharging the tenant the rates would have to be made illegal, otherwise the same situation would occur as happens with shops.
Rates are supposed to be paid by owners, not tenants, thats why half the high streets are boarded up
So what will the owner do with it?In any case if it’s rented out the tenant will be paying it otherwise it wouldn’t be rented out for very long
i said thatin England its the tenant who pays the business rates
Makes no difference if it’s rented out it has to balance otherwise it won’t be rented out, not for long anywaySo what will the owner do with it?
Eat it?
So answer the question, what will the owner do with it?Makes no difference if it’s rented out it has to balance otherwise it won’t be rented out, not for long anyway
So answer the question, what will the owner do with it?
And leaving it empty to get a rate rebate needs to be outlawed
That’s always the thought but looking back farming has always done well under Labour administrations down the years. Maybe there were other factors at those times that favoured farming. Jim Callaghan was a farmer from memory - not much of a PM, but then how many PM’s of the last 50 years could said to have been good? (Maggie as an exception although she divided the nation as does Corbyn now) My fear is that JC is very left wing and hence the post I presumeIt’ll matter if labour ever get into power
Slap a Land Tax in the landowners straight away
Twunts
Be the death knell of UK farming if ever that happened
Interesting but not conclusive. Just look at the US where there is a land tax......
Income tax does not stop people working
Wages have not risen to pay for income tax
Just saying like
Personally taxing work seems a bit extreme to me.
Tax a capital asset seems pretty fair.