Question

Should a broad-based land tax be imposed by central government in New Zealand? please give me some ideas about this topic with appropriate referencing.

Answer 1

A broad-based land tax is beneficial as it would share the cost of the land tax between landlord and tenant and owner-occupies. It would return a portion of an unearned increases in land values, including owner occupied land values, to the state government for the general benefit of the community. A broad-based land tax can be applied without causing hardship to low income to know occupiers, by allowing them to defer their land tax liability under the property is transferred.

A broad-based land tax helpsbe make housing more affordable for purchases in the long term, by tapping some of the value stored of your houseing and providing a moderating influence on house price inflation.

https://www.newsroom.co.nz/why-a-land-tax-is-the-best-tax-reform