Mark Littlewood writes for The Times Business
In his article Mark argues that the tax system has become less rational and more perverse. Any tax based on property values requires periodic – and preferably frequent – reassessments of value. Commercial property values can change a lot in five years. The shock to the system for those faced with increasing business rates is therefore that much greater. Suddenly being hit with a tax bill that has doubled or trebled could pose an existential threat. Revaluations should instead be frequent and predictable.
Read the full article here. (££)