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What is Land Value Tax?

Recent updates

  • Event: Feb 15, 2016 7:00 PM - 9:00 PM
    Housing crisis? Immigration? Deficit? There is an answer.

    How could a small island absorb mass immigration, maintain high levels of public services, housing and investment, low taxes, sustained growth and a budget surplus?

    Entrepreneur, developer and economist, Andrew Purves has studied the economic and public revenue system of his native Hong Kong. Most HK residents do not appreciate the merits of a system that achieves all the goals of an advanced economy without a windfall of oil natural resource wealth.

    For details about Andrew's book, 'NO DEBT, HIGH GROWTH, LOW TAX: Hong Kong's Economic Miracle Explained' please see link: http://www.shepheard-walwyn.co.uk/authors/andrew-purves/


    Monday 15 February
    Members free/ Non-members £7
    Membership £20 year
    National Liberal Club
    1 Whitehall Place
    Embankment
    7pm - 9pm

  • Event: Mar 11, 2016 8:15 PM - 9:30 PM
    Novotel: Meeting Room 1+2

    Name of Organisation: Social Liberal Forum and ALTER

    Reclaiming Liberal Economics: a new strategy for an independent party

    Panellists:

    Gordon Lishman (Acting Chair. SLF);

    Martin Wheatcroft (author of "Simply UK:

    A Summary Guide to UK Government Finances 2015/6");

    Dr Prateek Buch (Author of SLF "Plan C for Economic Renewal").

  • Zurich
    Article: Dec 30, 2015


    Fractional reserve banking (where banks lend out more money than they have in reserve) has made a lot of bankers very rich, but the taxpayer is forced to bail them out when things go wrong. Some of the Swiss are sick of giving money to bankers and have lauched a bold initiative which will now be put to a popular referendum: The Swiss Sovereign Money Initiative.

  • Glasgow Botanics
    Article: Dec 14, 2015
    By Jhonti Bird


    ALTER MEMBER Jhonti Bird reports...


    General Situation in Scotland:

    • In January 2015 the First Minister, Nicola Sturgeon, announced her intention to establish a cross-party Commission on Local Taxation.
    • (Link here: http://localtaxcommission.scot/)
    • The Scottish Conservatives chose not to engage and established their own Commission which is yet to report.
    • All other political parties are represented alongside various other NGOs and interest groups such as the Joseph Rowntree Foundation and the Citizen's Advice Bureau.
    • The Commission had its first meeting in February and has conducted a number of both sessions, both public and private, throughout Scotland throughout 2015.
    • The Commission was due to report in November but has delayed its publication date until December (likely to be the 8th or 15th).
    • There has been some consensus over the need to reform Council Tax in particular (Non-domestic (business) rates were sadly removed from the Commissions remit at an early stage).
    • There has been no real agreement on the mechanism for reform.
    • The Commission is, therefore, only going to provide a comprehensive range of policy options rather than one clear conclusion.
    • In this respect can be considered less far reaching than the Burt Review of 2006 which covered broadly similar territory.
    • Andy Wightman is a member of the Commission representing the Scottish Greens and has been a strong advocate of a form of Land or Site Value Taxation.
    • The report is therefore likely to make recommendations about the future benefits of LVT but fall short of endorsing the policy directly.
    • Having seen some of the early drafts I would anticipate that it will recommend that more research be done into the separation of building and land prices in Scotland before the introduction of any form of LVT.
  • Electric fencing and gate on Millden Estate, Angus.
    Article: Oct 14, 2015
    By David Cooper

    In a damning report produced for the League against Cruel Sports, Andy Wightman and & Dr Ruth Tingay shows how Scottish grouse shooting estates receive lavish govermnent subsidies. One estate, Glenogil, which is managed as a grouse shooting estate, receives agricultural subsidies from the Scottish Government. The presence of a sheep flock (used to 'mop up' ticks that would otherwise attack the grouse) is sufficient to qualify the estate as an agricultural holding. In 2010, the estate received £368,787 in public funds and in 2011, £346,757. Such taxpayer provided funds allows the building of electric fences and private roads that scar the countryside so that well heeled grouse shooters are saved the effort of trekking across the moors. Meanwhile, employees on grouse estates are paid less than the national minimum wage.

  • Article: Sep 24, 2015

    NO DEBT, HIGH GROWTH, LOW TAX

    Hong Kong's Economic Miracle Explained by Andrew Purves

    Governments around the world are wrestling with the problems of enormous debts, low growth, high unemployment and a gap between the demands of public expenditure and what can be raised through taxation. This problem has been acute since the financial crisis, but has been a hallmark of western economies for decades.

  • Page: Sep 18, 2015
    Rt Hon Sir Vince Cable in conversation with ALTER vice chairman Tony Vickers
    • The causes of the Global Financial Crisis haven't gone away.
    • Austerity is making the world less Liberal and threatens Democracy.
    • Where has Capitalism gone wrong?
    • How can we fix it for the future "After The Storm"?

    Trouville Hotel, Granville Suite
    Priory Road, Bournemouth
    Open to all - seats rent free!

    Add to Google Calendar

    Twitter: @libdemsALTER

  • Article: Sep 18, 2015

    .

    Policy proposals

    • Tax on land and natural resource monopoly
    • Free trade - opposed to tariffs, which were at the time both the major method of protectionist trade policy and an important source of federal revenue
    • Supported the use of government issued paper currency such as the greenback. He opposed the use of metallic currency (such as gold or silver) and money issued by private commercial banks
    • Citizen's dividend - proposed to create a pension and disability system, and that excess public revenues from land rents could be distributed to residents "as a right" instead of as charity
    • to end or restrict the use of intellectual property
    • to have government own and manage all right-of-way and "natural" monopolies, such as utility companies and mass transportation,
    • to replace contract patronage with the direct employment of government workers, with civil-service protections,
    • to implement campaign finance reform and political spending restrictions.
  • Document: Sep 11, 2015
    176.54 KiB drawing or desktop publishing document

    4-page paper by Dr Tony Vickers on why we need policies to encourage better use of existing housing stock.

  • Article: Sep 11, 2015
    By Dr Tony Vickers

    Ahead of the Housing debate at Bournemouth, ALTER's Dr Tony Vickers has written a paper that points out that the "Housing Crisis" is not really about how many new homes can be built but about how we make better use of the 98% of homes we already have. Drawing on research by the Intergenerational Foundation, he points the finger at massive under-occupation by pensioners of owner-occupied family homes, encouraged by government.