Andy Burnham's property tax raids set to leave hundreds of thousands of Britons £1,000 worse off
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Andy Burnham's property tax raids set to leave hundreds of thousands of Britons £1,000 worse off.
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Andy Burnham's long-standing support for replacing council tax with a land value levy could leave hundreds of thousands of London households facing annual bill increases of around £1,000.The former Greater Manchester Mayor has previously voiced support for a land value tax, arguing that the existing council tax system is unfair and in need of reform."I've long been persuaded of the argument for a land value tax," Mr Burnham said."It's a highly regressive tax.
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I see a big case for land and property and business taxation to be changed." TRENDING Stories Videos Your Say Research by Policy Engine analysts Vahid Ahmadi and Max Ghenis examined the distributional impact of replacing council tax with a land value levy and found higher earners would be among those most affected.Their analysis suggests households in the second-wealthiest tenth of the population would pay an average of £991 more each year, while those in the top tenth would see bills rise by an average of £966 annually.Given the...
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