photo credit: D.Reichardt Regarding NZ’s Buckley Tax Review, Promises and Costs of a Land Tax : On the one hand, a land tax would induce farmers to make the best possible use of their land, since the tax would be levied regardless of whether the land was in production. But on the downside, this could [...]
New Zealand is known as one of the world’s leading gimp nations when it comes to protecting the future that land in prime locations avails. They have no Land Tax. They have pathetically low council rates. Worse, these are set to penalise home construction such that the family home pays upwards of 30% more than [...]
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