27 October 2018
Ahead of next Monday's Budget the Green Party are calling for more support of businesses currently struggling to survive on the High Street.
With the rise of internet selling the current business rates system is pushing our high streets to the brink of collapse. The Green Party believes that an alternative Land Value Tax (LVT) would lead to most businesses paying less than they currently do under business rates.
The concept of a LVT has long been touted by figures such as Winston Churchill as a fairer way to levy property taxes, as it seeks to return to the community the value added to a property because of improvements, like transport infrastructure, that have been paid for by the public purse.
Cllr Louis Stephen said:
"Land Value Tax (LVT) would be an affordable and feasible way of addressing the severe inequalities in our property market and the wider economy. A LVT would be levied solely on the unimproved site value of the property, which is affected by its location and community efforts around it - and is levied on the owner rather than the occupier.
Owners of speculative land-banks, derelict land or properties that have deliberately been allowed to become run-down would pay the same as those who take care of and develop their properties, therefore incentivising a more productive use of land."
For more information contact www.landvaluetax.org
Green Party Meetings
Come along to our monthly meeting to discuss our plans for Worcester and Worcestershire. Our next meeting starts at 7.30pm on Wednesday 20th March in The Paul Pry pub (back room) on The Butts, WR1 3PA. It would be great to see some new people.
For more information, contact Louis via email or telephone 01905 359 509.