Charlie Weston: Devising fair property tax system a major challenge
Published 18/04/2012 | 05:00
COMING up with a fair property tax that gains greater acceptance than the household charge is going to require the powers of Merlin the magician.
But even the famed sorcerer from the legends of Camelot would find it hard, if not impossible, to design a property tax that will work smoothly in a country notoriously averse to paying a tax on homes.
Yesterday the economists in the Economic and Social Research Institute (ESRI) published their stab at designing the dreaded tax.