Land Tax Proposal
27 August 2024
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Government and Institutions
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Trade, Development, and Immigration
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Tom Clougherty referenced in the Telegraph
IEA Executive Director Tom Clougherty was mentioned in The Sunday Telegraph in reference to proposals to introduce a land value tax coming from both the left and right.
The article said:
“Supporters argue that a land tax could simultaneously unlock growth and provide additional revenue for the Treasury.
“In Westminster, one of the richest boroughs in the country, the annual council tax bill for a typical home this year is £973. By contrast, in Hartlepool, a heavily deprived part of the country, homeowners in the equivalent tax band are charged £2,278.
“Tom Clougherty… has called for land-based taxes very similar to the proposals put forward by Adam at the IFS.”
Read the full article here.
The article said:
“Supporters argue that a land tax could simultaneously unlock growth and provide additional revenue for the Treasury.
“In Westminster, one of the richest boroughs in the country, the annual council tax bill for a typical home this year is £973. By contrast, in Hartlepool, a heavily deprived part of the country, homeowners in the equivalent tax band are charged £2,278.
“Tom Clougherty… has called for land-based taxes very similar to the proposals put forward by Adam at the IFS.”
Read the full article here.
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