The Council Tax: The Distributional Implications of Returning to a Tax on Property

Kenneth Gibb

Scottish Journal of Political Economy, 1992, vol. 39, issue 3, 302-17

Abstract: The U.K. government plans to introduce an attenuated property tax, based on banded capital values, to replace the community charge. This paper examines the case for a property-based form of local taxation and emphasizes the hitherto neglected question of its contribution to equity goals as a progressive tax when measured against current income. The intended council tax and a notional fixed percentage capital value tax are simulated and found to be broadly progressive in both gross and net terms. Further, the new tax will fall most heavily on owner occupiers, partially offsetting their present tax advantages. Copyright 1992 by Scottish Economic Society.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:39:y:1992:i:3:p:302-17

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Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

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