OPINION: A fair way to tax profit on the sale of property
OPINION: A flat tax of 15% could be applied to rise in the value of land alone.
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Can I suggest that land and capital are mistakenly lumped together and combined as assets?
Land and natural resources arise from Nature. Capital is that made by Man for further use (modifying natural resources); one has no labour content while the other does.
This is why classical economists
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Digby Crompton
Wed, 27 Apr 2016
Wed, 27 Apr 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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OPINION: A fair way to tax profit on the sale of property
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