Anorak | Why we don’t want a mansion tax

Why we don’t want a mansion tax

by | 26th, September 2012

SIMON Jenkins manages to get it right today. Which is a real surprise for something about tax in The Guardian.

This Lib Dem idea of a mansion tax is simply stupid. You’d need to set up an entirely new tax collection system, you’d have to have a valuation of all the expensive houses, it would be a very expensive method of collecting not very much tax revenue.

And there is a much simpler way to do it: one that, amazingly, the Welsh have already brought in. Just have more council tax bands.

We’ve already got the tax collection system, we’ve already got the method of valuing the properties, we’ve already got the people in place. It’s a very simple method of doing exactly the same thing: taxing

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Posted: 26th, September 2012 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink