Back to the Future: New Zealand and a (re)new(ed) national land value tax
- In the early 1900s, the national land value tax provided about 10% of New Zealand revenue to the treasury, by the time it was rescinded in 1989-1990, it was a mere .4%Local governments that use LVT (see page 8) are still in the comfortable majority, despite high-pressure to eliminate it through legislative (not voter) action.Yet, hope springs eternal: check out Urban Tools latest news item: http://www.urbantools.org/news/nuts-and-bolts-new-zealand-and-a-new-national-land-value-tax
Henry George Foundation USA/Center for the Study of Economics
413 South 10th Street
Philadelphia, PA 19147
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"Justice the Object, Taxation the Means."
The Center for the Study of Economics is a 501 (c) 3 non-profit educational foundation.
Our mission is to research land value taxation, to assist governments in implementation and to study the effect of land based property taxation where used. We suggest implementation where appropriate but do not support political candidates or become involved in the electoral process.