When it comes to taxing property, it is important to get your premises right

Tim Montgomerie has been a leading advocate of a move from income to wealth taxes in recent months. In a recent article in The Times he dismissed what he described as fallacies about wealth taxes. It is, indeed, possible that economists who have been beavering away on tax issues for a few hundred years may have succumbed, over all that time, to fallacies which can be dismissed in a sentence. On the other hand, perhaps not…

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Source: http://www.iea.org.uk/blog/when-it-comes-to-taxing-property-it-is-important-to-get-your-premises-right

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