Submission to the Commission on Taxation and Welfare on introducing a site value tax

Eoin Flaherty, Constantin Gurdgiev, Ronan Lyons (), Emer \'O Siochr\'u and James Pike

Papers from arXiv.org

Abstract: This submission to the Irish Commission on Taxation and Welfare advocates the introduction of a site value tax in Ireland. Ireland has high and volatile property prices, constraining social and economic development. Site values are the main driver of these phenomena. Taxing site values would reduce both the level and volatility of property prices, and thus help to alleviate these problems. Site value tax has many other beneficial features. For example, it captures price gains due to the community and government rather than owners' efforts and thus diminishes the incentive to buy land for speculative reasons. Site value tax can be used to finance infrastructural investments, help facilitate site assembly for development and as a support for the maintenance of protected structures. Site value tax is also a tax on wealth.

Date: 2022-03
New Economics Papers: this item is included in nep-pbe and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2203.12611 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2203.12611

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().