Land Value Taxation in Britain
Attempts at introducing land value taxation (LVT) in the United Kingdom demonstrate a long and varied history. Land Value Taxation in Britain considers this history and how LVT may be particularly relevant at the present time. Owen Connellan, with contributing authors Nathaniel Lichfield, Frances Plimmer, and Tony Vickers, explores past debate over different forms of LVT, the tax’s role in generating government revenue, and its practical operation, moral background and ethical rationale. The book concludes with a discussion of future prospects for LVT in Britain and elsewhere.
But why study land value taxation in Britain, especially when that country has yet to evolve a system of LVT that is generally accepted or workable? Britain’s experience with property taxation and expertise on property valuation make it an ideal case study. Only by examining the success and failure of past legislative and administrative attempts to employ LVT for the benefit of the community can policy makers draft more effective LVT proposals, not just in the U.K. and but also in other countries. Land Value Taxation in Britain seeks to open up a challenge for future discussion on this form of taxation. Students and professionals focused on taxation matters will find it of interest, as will the general reader who may not have a technical background in economics and taxation.