Loading ...
Sorry, an error occurred while loading the content.

RE: LVT

Expand Messages
  • Wetzel Dave
    Cheers David. LVT can apply equally well where land is privately owned or State-owned. My preference would agree with Bruno, that where land is already held in
    Message 1 of 2 , Mar 29, 2005
    • 0 Attachment
      Cheers David.
      LVT can apply equally well where land is privately owned or State-owned.

      My preference would agree with Bruno, that where land is already held in
      common then do NOT privatise it.

      In England we have land in public ownership that works exceedingly well.
      Tenants freely pay rent to the landowning authority who use the revenue to
      provide services.

      e.g.
      The Bridge House trust Fund run by the City Corporation of London.
      They own many valuable sites in and around the City of London.
      Their primary purpose is to maintain the upkeep of the bridges in the City
      of London.
      However their income is so much higher than their expenditure that over the
      past 10 years they have given £160million to London charities.

      Many socialist countries in the Soviet era did not charge the rental value
      of the land they owned and so did not therefore benefit from "marginal cost
      pricing" that ensures scarce resources are used efficiently.

      It is a fallacy to interpret this failure as meaning that only privatised
      land holdings can provide efficiency. In fact, land speculation which always
      arises with private land ownership creates an unstable and inefficient
      market in land use. (It encourages landowners to withhold their land from
      use in order to create a greater scarcity and higher prices).

      The alternative is for rent to be paid to the State for all landholdings -
      including land occupied by the Government itself!

      Land Value tax collects a proportion of land rent from landowners. If the
      State already owns the land why not collect 100% of the rent and avoid the
      negative taxes on incomes and trade that reduce GDP and impoverish people?


      Dave
      Dave Wetzel; Vice-Chair; Transport for London.
      Windsor House. 42-50 Victoria Street. London. SW1H 0TL. UK
      Tel: 020 7941 4200
      Intl Tel: +44 207 941 4200

      PA: Vicky Jennings 020 7941 4081
      Windsor House is close to New Scotland Yard. Buses 11, 24, 148 and 211 pass
      the door. (507 passes close by).
      Nearest Tube: St. James's Park Underground station.
      Nearest mainline stations: Waterloo and Victoria (Both a walk or short bus
      ride).
      Public cycle parking available outside Windsor House.


      -----Original Message-----
      From: dray@... [mailto:dray@...]
      Sent: 28 March 2005 03:05
      To: Wetzel Dave
      Subject: Re: LVT



      Dave

      Thanks for this. I read them all over the weekend - the Plender article puts
      forward the idea of LVT nicely.

      This week I will be reviewing a short piece that Bruno has written for the
      comments section on a land reform report that my project is putting
      together.

      I have one general question about the LVT position:

      What does it have to say about whether land should be privately titled, or
      leased from the state: which is the big issue here in Vn, where there is no
      private ownership. You simply own or trade the certificate of land use right
      for a certain period (although the state management aspect does make it very
      messy, and bureaucratic).

      My understanding is that the LVT thing is somewhat of a parallel issue -
      more about how we tax rather than title land.

      The reason I ask is that the position is put (quite controversially) in
      Bruno's comments paper that Vietnam should maintain its currrent system of
      state land management and not go down the path of private ownership.

      What do you and your LVT allies think about this? I am just trying to put
      all the pieces together. No matter what I will include Bruno's comments in
      our paper to provide an alternative view of land management in Vn.

      tks

      David


      ----------------------------------------------------------------------------
      --
      David Ray
      Vietnam Competitiveness Initiative
      USAID - The Asia Foundation
      15th floor, 53 Quang Trung St
      Hanoi, Vietnam

      Tel: +844 943 8163 ext 221
      Fax: +844 943 8160
      Mobile: 0904 292200

      Email: dray@...
      dray@...

      ----------------------------------------------------------------------------
      --




      Wetzel Dave <Davewetzel@...>


      03/24/2005 09:15 PM


      To
      "'dray@...'" <dray@...>

      cc
      "'Bruno Moser (Hanoi - Vietnam) [LC]'" <bruno_nam@...>

      Subject
      LVT






      David
      If you're ever passing through London do let's meet up.
      Meanwhile I attach some articles.
      Happy reading (and as always I'd welcome your comments).

      Happy Easter

      Dave
      Dave Wetzel; Vice-Chair; Transport for London.
      Windsor House. 42-50 Victoria Street. London. SW1H 0TL. UK
      Tel: 020 7941 4200
      Intl Tel: +44 207 941 4200

      PA: Vicky Jennings 020 7941 4081
      Windsor House is close to New Scotland Yard. Buses 11, 24, 148 and 211 pass
      the door. (507 passes close by).
      Nearest Tube: St. James's Park Underground station.
      Nearest mainline stations: Waterloo and Victoria (Both a walk or short bus
      ride).
      Public cycle parking available outside Windsor House.
      <<.article FT 20-FEB-04 Why on earth not put a tax on land.doc>>


      ****************************************************************************
      *******
      The contents of the e-mail and any transmitted files are confidential and
      intended solely for the use of the individual or entity to whom they are
      addressed. Transport for London hereby exclude any warranty and any
      liability as to the quality or accuracy of the contents of this email and
      any attached transmitted files. If you are not the intended recipient be
      advised that you have received this email in error and that any use,
      dissemination, forwarding, printing or copying of this email is strictly
      prohibited.

      If you have received this email in error please notify
      postmaster@....

      This footnote also confirms that this email message has been swept for the
      presence of computer viruses.
      ****************************************************************************
      *******






      ***********************************************************************************
      The contents of the e-mail and any transmitted files are confidential and intended solely for the use of the individual or entity to whom they are addressed. Transport for London hereby exclude any warranty and any liability as to the quality or accuracy of the contents of this email and any attached transmitted files. If you are not the intended recipient be advised that you have received this email in error and that any use, dissemination, forwarding, printing or copying of this email is strictly prohibited.

      If you have received this email in error please notify postmaster@....

      This footnote also confirms that this email message has been swept for the presence of computer viruses.
      ***********************************************************************************



      [Non-text portions of this message have been removed]
    Your message has been successfully submitted and would be delivered to recipients shortly.