Taxation of Land and Economic Growth

Abstract

In this paper, we theoretically analyze the effects of three types of land taxes on economic growth using an overlapping generation model in which land can be used for production or consumption (housing) purposes. Based on the analyses in which land is used as a factor of production, we can confirm that the taxation of land will lead to an increase in the growth rate of the economy. Particularly, we show that the introduction of a tax on land rents, a tax on the value of land or a stamp duty will cause the net price of land to decline. Further, we show that the nationalization of land and the redistribution of the land rents to the young generation will maximize the growth rate of the economy.

Literature Review: Pengaruh Administrasi Pertanahan dalam Penilaian Tanah

“…Penilaian tanah adalah proses penilaian yang terkait dengan harga tanah. Proses tersebut dapat membantu pemerintah dalam merencanakan kebijakan pajak dan pasar real estate (Che et al, 2021). Penilaian tanah untuk perpajakan harus memiliki unsur transparansi dan efisien (Williamson & Et All, 2010).…”

“…Dari perspektif ini, tanah dan bangunan merupakan dua komponen integral dari satu kesatuan yang lebih besar yang nilainya tidak dapat dibagi dengan cara yang berarti. (Che et al, 2021) berpendapat bahwa pajak tanah akan menyebabkan peningkatan tingkat pertumbuhan ekonomi. Perpajakan atau nasionalisasi tanah mungkin akan berkontribusi pada pengurangan kekayaan dan ketimpangan pendapatan di masing-masing negara.…”

The Long Road to a Social Dividend

“…Eco-taxation has struggled in large part due to its disproportionate impact on, minorities (Bubna-Litic, 2012) and the poor who spend a greater fraction of their incomes on energy. Special interest lobbying against these initiatives 5 has also distorted them.…”

“…Трудности экологического налогообложения во многом связаны с его непропорциональным воздействием на меньшинства (Bubna-Litic, 2012) и бедные слои населения, которые тратят большую часть своих доходов на энергию. Лоббирование против этих инициатив 5 со стороны монополий также исказило их.…”

Is Henry George’s Land Value Tax Fair, Efficient, Both, or Neither?

“…According to Che Shulu, the younger generations are the actual beneficiaries of the Z. T. Xue DOI: 10.4236/jss.2022.107020 242 Open Journal of Social Sciences revenue collected from land value taxation through redistribution. However, this might not be the best land subsidy (Che et al, 2021). Land should be subsidized to those who need to be product good using the land.…”