SIR – Business rates should be abolished but a turnover tax is not the
What we want is a non-punitive tax to ensure that the economic
advantages attributable to infrastructure improvements are returned to
the community. A tax on the annual rental value of land would be a
fair method of raising public funds, since it returns to the community
the value created by community.
This tax reform would also provide landowners with an incentive to
speed up the process of developing sites.
Michael J Hawes