Latest News

Jon Stone (The Independent): Labour looks to replace Council Tax with a Land Value Tax … Party to launch a review into tax backed by many economists due to its efficiency
17 May 2017

Merryn Somerset Webb (MoneyWeek): Sirius Minerals and the case for a land-value tax … Why should a group of people who have done nothing in particular – taken no risk, had no ideas, dug no holes – receive a huge windfall just because they happen to own land in the right place at the right time?
16 May 2017

Michael Donnelly (Planning Resource): Tories pledge land value capture powers to deliver 'new generation' of social homes … to strengthen the ability of councils to capture land value uplift
15 May 2017

Brian Feeney (University of Queensland): The missing piece of the affordable housing puzzle - taxing 'unearned gains' … Who is entitled to the increase in land value created by planning approvals, new infrastructure, population growth or the general development of town and cities?
10 May 2017

Andrew Heaton (Property News): Land tax better than value capture … value capture schemes are less efficient compared with broad based taxes as they require greater precision in valuation and create more opportunities for corruption
10 May 2017

Tony Rakhal-Fraser (Trinidad Guardian): Exploring the most equitable tax system … replacement of income, corporation taxes and even Value Added Tax with A Site Value Tax
7 May 2017

James Buckley (CoStar): Labour vows to take on big business over rates … Corbyn said of a possible land value tax to replace business rates: "I'm interested in the idea... We are looking at it"
11 April 2017

Patrick Noble (Resilience): Reclaiming Commons through Land Value Tax, or a Wing and a Prayer … we also need to reverse the parasitic, rentier effects of enclosure and marry basic income to her true partner – land value tax
11 April 2017

Laura Edgar (The Planner) : Royal Town Planning Institute: Approach to capturing development gain not adequate … The current measures to access rising land values do not benefit the public enough and are stalling housing delivery, according to the RTPI
10 April 2017

Andrew Keith Walker (Renegade Inc.): Understanding Land Value Taxation … While productive members of society earn money to pay their taxes, landowners are unproductive earners who pay their taxes through land rent, which is paid by people who generate economic activity
8 April 2017

Julia Park (Building Design): Is it time to tax land value uplift for community benefit? … uplift in land value has been taxed at rates from 100% in 1947 to zero today … a sensible level of taxation could help fund social infrastructure and affordable housing
6 April 2017

Edwin Loo (Royal Town Planning Institute): Lessons from Singapore about land value capture … its system of land value capture and control over land is a model for the world in terms of its predictability, transparency and ability to ensure that the process of land development benefits society as a whole
3 April 2017

Kirsten Lawson (Canberra Times: ACT Greens push government to investigate extending land tax to vacant rental properties … For too long the taxation system has benefited investors over home owners, contributing to housing stress for many Canberrans
24 March 2017

David Donaldson (The Mandarin): Value capture framework to boost major project impact … Equitable, transparent, evidence-based… 
March 23, 2017

Alex Tarrant (New Zealand Property): How NZ could fix property taxation, face down the NIMBY problem, overhaul the RMA and drive sustainable urban development – OECD Report … much of the recent increases in property values reflect rising land values rather than improvements; this suggests that land values may be the more appropriate basis for the tax
20 March 2017

Michael Gray (Common Space): SNP conference backs call for land taxation to transform Scotland … bring down the extortionate cost of land purchases … and “stops land owners from hanging onto it for speculative purposes”
18 March 2017

David Dewar (Planning Resource): How a plan to pilot land auctions would capture planning gain … a technical report by TfL last month which detailed options for land value capture models
17 March 2017

Kate Allen (Financial Times): Rethinking the Economics of Land and Housing — theft and freedom (book review)
14 March 2017

Jacob Saulwick (Sydney Morning Herald): Parramatta Council proposes pushing ahead with value-capture scheme … an ambitious scheme to make property developers help subsidise the $1 billion in infrastructure needed for the fast-growing area
10 March 2017

Christopher Cheung (Vancouver Tyee): Should Developers Pay to ‘Ride’ the Benefits of Transit? … Considering that it was the public’s investment in transit that lifted the land value, shouldn’t the public also share in that increase?
7 March 2017

Keith McNeill (Clearwater Times):Tax the land, not the improvements … We pay too much attention on how governments spend our money and not nearly enough on how they get it
7 March 2017

Robin H H Wilson (Financial Times): Tax gains in value from infrastructure projects … an effective means of taxing unwarranted gains in value to landowners stemming from government-funded infrastructure projects
27 February 2017

Nicholas D Rosen (Financial Times): Instead of taxing robots, tax the land … if labour-saving technology reached perfection, labourers would get nothing and capitalists would get nothing; all production would go to the owners of land, as land would still be needed despite automation
22 February 2017

TransportXtra: Tax land value rises to fund London transport projects … Taxing land value uplifts arising from transport and regeneration schemes would provide a new funding stream for transport infrastructure investment
17 February 2017

ExpoTrade Press Release: Value Capture Looms Large in Victoria … not an additional tax, but a more efficient and fair allocation of benefits and costs
15 February 2017

Wichit Chantanusornsiri (Bangkok Post): Land tax tweaked to spur activity … Resistance from big landlords, most of whom are influential, was so strong
14 February 2017

Bill Batt (Times Union): Albany should consider land value taxation … a revenue-neutral tax shift to the value of the land alone would encourage investment and protection of these parcels and also foster development of the many vacant plots in the core of the city
12 February 2017

Tim Worstall (Forbes): India's Economically Sensible Zero Tax Rate On Long-Term Capital Gains … we will be richer—more economic activity will take place—if we tax land and consumption rather than income and capital
6 February 2017

Michael Donnelly (Planning Resource): Report recommends new mechanisms to capture land value uplift in London … London should be allowed to develop new mechanisms for better capturing land value uplift arising from major infrastructure developments and central controls should be removed on planning application fees, a report has recommended
1 February 2017

Felicity Collier (Morning Star): Khan backs trial of land value tax ... the tax — which would replace existing property taxes — could result in more than 276,000 new homes being built on under-used land in London
24 January 2017

Jessica Irvine (Brisbane Times): Here are 11 ways to improve housing affordability … Pretty much every economist agrees taxing land is the most efficient and stable form of taxation
24 January 2017

Tom Copley (Greater London Authority Planning Committee): Mayor positive about Land Value Tax Trial ... the tax — which would replace existing property taxes — could result in more than 276,000 new homes being built on under-used land in London
23 January 2017

Vera Sprothen (Wall Street Journal): Critics question Australian infrastructure spending … mechanisms to ensure that private real estate developers — not just the public purse — help pay for infrastructure
12 January 2017

Harry Blain: Only developers, estate agents and homeowners will cash in on Crossrail … By 2025, 60% of Londoners will be renters – they pay for Crossrail through taxes and fares but have nothing to gain from soaring rents and house prices
3 January 2017

Vandana Ramnani: Government now eyes profits from increased value of land around big projects … is likely to introduce a value capture financing model for all infrastructure projects in 2017-2018
3 January 2017

Tim Worstall: An interesting and correct way to do housing taxation … to tax the value that society adds to the land, not what the owner has added themselves
22 December 2017

Jenny Wiggins: Infrastructure Australia says tax land not property to capture value … governments [should] gradually get rid of stamp duties and tax land values over the long term, arguing it is the "fairest" way of raising money for new infrastructure
13 December 2016

Sarah Marasigan: A tax we should all agree on … land value tax seems like such a no brainer but … real estate owners and developers have been getting rich off the status quo and have funded many a politician to ensure things stay as they are
8 December 2016

Steve Skinner: Value capture to start sharing road tax load … rural landholders on the edges of cities … suddenly find themselves with a $40 million, $60 million dollar payday that we, the people, have effectively granted to them … when they haven’t done anything productive. They’ve just sat on the land
2 December 2016

Andrew Heaton: Value Capture Could Be Mandatory on Federal Projects … The basic notion is that those who directly benefit from the project most should contribute to a portion of its cost
29 November 2016

John Digney: We should shift taxation burden on to rental value of land … The value of land … is a publicly-created value, reflecting overall public demand for location, and is enhanced by the provision of publicly-funded services and infrastructure
25 November 2016

Olusesi Isaac: Why Osun [Nigeria] introduced Land Use Charge … Land use charge is the single most salient way of attaining equity between tax payers
20 November 2016

South Wales Argus: ‘Lift the fog of confusion around business rates’ says Assembly committee … willingness to fully explore the potential of alternative forms of taxation for business, including Land Value Tax
18 November 2016

Government of Australia: Using value capture to help deliver major land transport infrastructure: roles for the Australian Government
16 November 2016

Joey Garrison: How to pay for a $6B transit plan? Nashville chamber floats 7 ideas … The strategy of capturing land values would call for a special tax on property in designated areas around transit infrastructure that is to benefit from future transit expansion
10 November 2016

Radheshyam Jadhav: New tax regime to boost Pune Municipal Corporation projects … The ministry of urban development is working to come out with a comprehensive Value Capture Financing framework for its efficient and optimal use across the country as a method of financing infrastructure and enhancing the finances of urban local bodies
8 November 2016

Business Standard: Tapping value added to finance urban infra projects through innovative Value Capture Financing … Traditional resource mobilization through direct sale of land, the most fundamental asset owned and managed by States and Urban Local Bodies is an inefficient form of resource mobilization and the Ministry is keen about land monetization more effectively though value capture
6 November 2016

Mark Sands: Abolishing these 20 taxes will help the poor, says the IEA … They would be replaced by simpler system that would include new taxes on land-value and an effective VAT charge on elements of housing costs including rents, while income and distributed corporate profits would be taxed at a flat rate of 15 per cent
2 November 2016

MENAFN Press: Cities Address a Key Challenge: Infrastructure Needs … a municipality’s ability to benefit from the rise in real estate value generated by infrastructure improvements … the cost is [currently] paid by the government and the communities, but only private property owners benefit
29 October 2016

Jenna Carlesso: Hartford Officials Discuss Hiking Taxes On Vacant Properties, Bushnell Park Area Considered … The goal is to tax people with vacant land at a rate that encourages them to develop because they're already paying as if they had a building on it
26 October 2016

David Crowe: NSW land tax plan to reboot market in home affordability push … A key state has opened the door to a radical tax overhaul to ease the cost of new housing, raising the prospect of scaling back ¬onerous stamp duties and ¬imposing land taxes in order to free up more homes for a new generation of buyers
25 October 2016

Anthony Flint: At Habitat III, a Rethinking of the Urban Development Paradigm. The concept of “value capture” surfaces as a possible path to more equitable growth … the concept of value capture may be the most conservative revolution in city-building at hand
October 21 2016

Adam Thomas: UD professor looks to experimental economics to solve land value taxation riddle … it’s a great way to raise tax revenue but it just doesn’t get used enough in the real world
19 October 2016

Mark Wadsworth: How the Council Tax system can be easily tweaked to be much like a land value tax … Across the country, [Council Tax] is hugely regressive, with an effective rate of 30% or 40% in the cheapest areas and 3% or 4% in the most expensive
16 October 2016

Herbert Barry: Federal taxation of land would be preferable to income taxation … taxation of mostly wealthy owners of valuable land is preferable to taxation of earnings and other income
3 October 2016

John Lorinc: The promise and peril of land value taxes … one of those intellectually compelling policy ideas that suffers from insufficient take-up
3 October 2016

Hannah Fearn: Here’s what John McDonnell should have promised Labour would do … a tax on the value of land would reintroduce a level of fairness into the housing market, stop developers hoarding land without building new homes, would remove the confusion and general moral outrage about inheritance tax and help fund public services
28 September 2016

Tom Goodfellow: The UK is sinking deeper into property inquality -here is why ... capital is flowing rapidly into real estate. And increasingly, governments are waking up to the need to effectively capture some value from these investments, for the public good
22 September 2016

Robert Dow: Light rail boosts values, who pays? … How can the Queensland Government credibly claim that it has no money for essential state-building projects … while at the same time, it lets hundreds of millions of dollars in untaxed land wealth walk out of the proverbial back door?
22 September 2016

Tim Worstall: Surprise – EU Tax Collectors Think Apple Paying Lots Of EU Taxes Is A Good Idea … different taxes have different deadweight costs. Land value taxation has the lowest such, can at times actually be negative (if people are hoarding land in an unproductive manner)
11 September 2016

Andy Wightman MSP backs #FarFromFixed homelessness campaign with tax on derelict land … the Government should use taxation to change incentives within the property market, ensuring that people are incentivised to use land productively, rather than for lucrative capital gains
6 September 2016

Dominic Frisby: How to make the Queen and our dukes pay their way: tax their land … If you want the right to occupy a piece of land, and you want the government to protect your title to that land, then a rent should be paid to the community that reflects the value of that land, because it is the needs of the community which have given that land value
15 August 2016

Danielle Guaycong: The issue with taxation and inequality … LVT is impossible to pass on in the form of higher prices, lower wages or higher rents
13 August 2016

Erich Jacoby-Hawkins: Poor taxation needs to be removed in order to let economy grow … a fair and just economy is based on using value created by nature and the community to fund government. They did this by fully taxing the value of land and any increase in land value
20 July 2016

Fred Foldvary: The principles of a good tax system point to land value taxation as optimal … Taxes on income, sales, and buildings fail on the neutrality criterion. Only the land value tax passes, as it does not affect the land rent
Jun 26, 2016

Jamil Ghaznawi: Land tax to stimulate growth in housing sector … Lower land values will make development more financially viable and therefore stimulate additional activity … and revenue from the land tax will allow the government to undertake additional housing projects
19 June 2016

Lisa Falconer: “We should be bold and ambitious” … an opportunity here to ensure that all land pays its fair share of local rates and that we move towards a comprehensive system of land value taxation
(9 June 2016)

Release of CEJ General Meeting Slides and Audio

posted 13 Dec 2016, 08:30 by Rob Blakemore

At the end of November, the CEJ hosted a General Meeting - Tax Competition, by John Christensen of the Tax Justice Network. Please click the link to download the slides and audio recording.

Report on RICS Colloquium available

posted 4 Oct 2016, 05:03 by Rob Blakemore   [ updated 4 Oct 2016, 05:04 ]

The report on the RICS colloquium is now available.

On 15th Sept 2014, a colloquium on land value tax (LVT), held at the Westminster HQ of the Royal Institution of Chartered Surveyors (RICS), was presented with economic analysis suggesting that a single annual tax based on land values would be capable of producing potential revenue flows of £82 billion: sufficient to replace all existing property taxes. 

Details below:

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