In a blog on Will Hutton’s Guardian article, Tim Worstall makes an interesting challenge to Will Hutton about the extent of property tax in the UK. Hutton claims that Britain is unwilling to tax property:
[caption id="" align="alignright" width="240" caption="Hard to square"]
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But OECD figures rank Britain highest in terms of the proportion of GDP captured by property taxation at 4.2 per cent. By comparison, in the US, France and Germany property tax is equivalent to 3.2, 3.4 and 0.9 per cent of GDP respectively. We are 3rd highest in terms of property taxation as a proportion of total revenue as well. That is pretty hard to square with Hutton’s rhetoric.In a blog on Will Hutton’s Guardian article, Tim Worstall makes an interesting challenge to Will Hutton about the extent of property tax in the UK. Hutton claims that Britain is unwilling to tax property:
[caption id="" align="alignright" width="240" caption="Hard to square"][/caption]
But OECD figures rank Britain highest in terms of the proportion of GDP captured by property taxation at 4.2 per cent. By comparison, in the US, France and Germany property tax is equivalent to 3.2, 3.4 and 0.9 per cent of GDP respectively. We are 3rd highest in terms of property taxation as a proportion of total revenue as well. That is pretty hard to square with Hutton’s rhetoric.
“Britain must confront a taboo – our refusal to tax property.”
[caption id="" align="alignright" width="240" caption="Hard to square"]
[/caption]But OECD figures rank Britain highest in terms of the proportion of GDP captured by property taxation at 4.2 per cent. By comparison, in the US, France and Germany property tax is equivalent to 3.2, 3.4 and 0.9 per cent of GDP respectively. We are 3rd highest in terms of property taxation as a proportion of total revenue as well. That is pretty hard to square with Hutton’s rhetoric.In a blog on Will Hutton’s Guardian article, Tim Worstall makes an interesting challenge to Will Hutton about the extent of property tax in the UK. Hutton claims that Britain is unwilling to tax property:
“Britain must confront a taboo – our refusal to tax property.”
[caption id="" align="alignright" width="240" caption="Hard to square"]
[/caption]But OECD figures rank Britain highest in terms of the proportion of GDP captured by property taxation at 4.2 per cent. By comparison, in the US, France and Germany property tax is equivalent to 3.2, 3.4 and 0.9 per cent of GDP respectively. We are 3rd highest in terms of property taxation as a proportion of total revenue as well. That is pretty hard to square with Hutton’s rhetoric.