Ireland

It isn’t too late…a plea to make a decision in favour of Site Value Tax

by Konrad. The Irish government has covered discussion of the proposed property tax in a blanket of silence.  We fear the worst.  The developers, speculators and banks are set for another bail-out by the ordinary citizen.  But it is not too late yet if we wake up and demand a Site Value Tax instead of a property tax that will exempt the 1%.

Land Taxation & the Renewal of Growth in the Irish Economy

Report by Fred Harrison: "Ireland’s lower corporate tax rate is a two-edged sword: it attracted foreign capital, but the net gains were either (i) capitalised into disruptively higher land values, which helped to fuel the property boom/bust, or (ii) were repatriated. Hong Kong’s much lower income tax heightened incentives to work, save and invest. Hong Kong is recognised as the most competitive economy in the world. We only need to compare the skyline of Hong Kong with Dublin to appreciate that something remarkably different was, and is, driving the Asian Tiger’s economic engine."