Tax Revenues: Is it Time for Government to cut out the chase?
Center for the Study of Economics - Company Message
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Welcome to the Zany World of NYC's Property Tax
Land Value Taxation in Jamaica: Now More Than Ever
Part 1, Land Value Taxation: Politics, Persuasion, and Practicality - A How-To
2016: Another Year of Advances and Retrenchment
Part 2 - Land Value Taxation: Politics, Persuasion, and Practicality - A How-To

Most Popular Posts

Noted UK Think Tank: Tax Land Values
Eliminating the property tax? It must not happen, but we’ll see what happens.
Altoona, PA: City tax wholly on land values = normality
Land Value Tax in Britain: Progress While the Rear Guard Digs In
Dr. Herbert Barry's Proposal to Really Reassess Allegheny County

Categories

Act 47
Africa
Agricultural Policy
Allegheny County
ALTER
Altoona
Assessment
Australia
Australian Capital Territory
Baltimore
Berkshire
Canberra
Clairton
Connecticut
Connecticut General Assembly
Current News Item
de Blasio
Economic Development
Economic Policy
Economic Rent
Economist
Ed Vargas
Education
EPA
Federal Tax Policy
Fiscal Policy and Taxes
Frederick
Free Markets
Gentrification
George Osborne
Global Taxation
Harrisburg
Hartford
Healthy Communities
Housing
Housing Policy
Hurricane Sandy
India
Ireland
Jamaica
Jeffrey Berger
Jimmy Tayoun
Justin Skariah
Kenyatta Johnson
Lancaster
Land Policy
Land Value Tax
Lanesborough
Larry Deutsch
Law and the Constitution
Legislation
Len Fasano
Liberal Democrats
Local Government
Maria Quinones-Sanchez
Martin Looney
Maryland
Massachusetts
Matt Ritter
Matthew Ritter
Mayor Rick Gray
Michael Kinsley
Michigan
Millbourne
Model Legislation
Monroe County
Montreal
Moonachie
Namibia
National Tax Policy
New Jersey
New London
New York City
NY
Oregon
Parking and Transportation
Patricia Dillon
Pennsylvania
Philadelphia
Pittsburgh
Portland
Property Assessment
Property Tax Reform
Public Health
Public Opinion
Public Resources
Public Works
Regional Tax Base Sharing
Regionalism
Regressive
Rhode Island
Rochester
Roland Lemar
Sales Taxes
Scranton
Senator Jan Malik
Sin Taxes
Smart Growth
Soda Tax
Taiwan
Tax Exemption and Abatment
Thomas Piketty
Titusville
Tom Kramer
Transportation Funding
Transportation Policy
Uncategorized
United Kingdom
Urban Blight
Urban Rejuvenation
Urban Tax Policy
Vince Cable
Wage and Income Taxes
Wales
Wealth
Wilson Goode Jr.
powered by

Incentive Taxation

Tax Revenues: Is it Time for Government to cut out the chase?

Since the Great Recession of 2008 (To Present)  is still afoot, many national governments have tried to plug perceived loopholes in tax policy at the level where trans-national corporations and super-earners can re-domicile (think Bahamas, Isle of Man, etc.) and avoid tax, while other revenues have faded.




So far, bills introduced to stop the practice of using tax havens have been rolled out in the US, with little progress.  The recent sale of troubled bank Northern Rock in the U.K. to entrepreneur Richard Branson has raised similar questions of where the revenues will end up when the tax bill comes.

The Guardian, a left-leaning UK newspaper has suggested - as many classical economists would  - that instead of trying to hunt down the virtual pounds and pence, government try to raise needed revenue from immobile sources.  The Guardian suggests Value Added Tax and Land Value Tax as the alternative, more reliable sources.  The stated rationale is these are true "wealth taxes." 

Well, to a degree, but since VAT is a consumption tax in the end, it ends up as a regressive tax on those struggling in this continuing global slowdown.  We'd recommend a sensible program of land value tax that would reduce demonstrably harmful taxes both in Britain, the US and elsewhere.

0 Comments to Tax Revenues: Is it Time for Government to cut out the chase?:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment