Topic: | Re:Re:Re:Re:Re:Estate Agents against Mansion Tax Shock ! | |
Posted by: | Steve Gallant | |
Date/Time: | 29/09/14 17:08:00 |
And whats wrong with a wealth tax ? An ideal wealth tax would be on all capital held, not just property. But its more difficult to hide a £5m house from the taxman than £5m in other assets.. And to be really effective you need better cooperation by the banks and other countries to take similar action. But with the current race to the bottom of offering big companies lower corporation tax to steal revenue, that seems unlikely. So a property tax is easier despite some initial problems.. |