{"id":14710,"date":"2012-03-21T08:40:29","date_gmt":"2012-03-21T08:40:29","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=14710"},"modified":"2012-03-21T08:40:29","modified_gmt":"2012-03-21T08:40:29","slug":"the-problem-with-a-7-stamp-duty-is-it-perpetuates-a-bad-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/03\/21\/the-problem-with-a-7-stamp-duty-is-it-perpetuates-a-bad-tax\/","title":{"rendered":"The problem with a 7% stamp duty is it perpetuates a bad tax"},"content":{"rendered":"<p>It's forecast we'll get a 7% stamp duty on properties costing more than \u00a32 million today.<\/p>\n<p>The problem with that is it perpetuates a bad tax and does not replace it with a better tax. That would be a land value tax.<\/p>\n<p>This is a fudge, and a poor fudge and is pure political expediency when what is needed is real thinking about\u00a0how\u00a0we create a proper progressive tax system and one that reduces and not increases distortions.<\/p>\n<p>But I guess we can't expect that of a purely political chancellor.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s forecast we&#8217;ll get a 7% stamp duty on properties costing more than \u00a32 million today. The problem with that is it perpetuates a bad<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/03\/21\/the-problem-with-a-7-stamp-duty-is-it-perpetuates-a-bad-tax\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[],"class_list":["post-14710","post","type-post","status-publish","format-standard","hentry","category-budget"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/14710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=14710"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/14710\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=14710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=14710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=14710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}