Tuesday, June 01, 2010

Wolf on land, and on distortions in the tax code

Martin Wolf in the Financial Times, on cross-border finance:

"A part of the answer must be to reduce the instability of financial markets. This is the focus of the debate on regulation – a topic I have discussed previously. I would add two points here: first, seek to reduce the extremes of the property cycle by taxing the rental value of land; second, remove incentives for leverage from the tax code."

Has he been reading our latest edition of Tax Justice Focus? On rental value of land, for most of the issue, and on incentives for leverage in the tax code, on page 12.


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