'A mansion tax is unfair, unconservative and wouldn't raise much money' (ConHome)

Tim Knox, CPS Director, has written an article for Conservative Home on the recent CPS publication by Lucian Cook, Taxing Mansions: the taxation of high value residential property.

Tim writes

“You can see the political attractions of the Mansion Tax. Its advocates claim that it is a tax that would be paid by a handful of very rich people who own vast properties. And they say it would bring in lots of money, money that is of course desperately needed by the Treasury.

These claims are false. And, worse, we should recognise that proposals for a Mansion Tax are profoundly un-conservative – and it should be a source of deep embarrassment to the Conservative part of this administration that proposals for such a tax have even been considered.”

Click here to read the full article on Conservative Home

Date Added: Monday 5th March 2012