Land Value Taxation Campaign

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Home Blog Cameron family fortune made in tax havens

Cameron family fortune made in tax havens

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So what? That was my response to this headline in the Guardian. No doubt more ink will be spilled in pious expressions of disapproval. None of the commentators, probably, will make the obvious point that leakage is inherent in the concept of using the taxation of incomes and profits for public revenue. The only way to prevent these losses is by substantially replacing these existing taxes with an annual tax on the rental value of land.

Most corporate profit consists of land rent anyway. Why not collect this directly before the accountants have had a chance to apply their magic and spirit it away out of sight? Much of the rest of corporate profit consists of intellectual property covered by patent and copyright law. Perhaps this is being sold too cheap?

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