A taxing problem
Think tank: New Economics Foundation
Author(s): Lukasz Krebel; Alfie Stirling; Sarah Arnold
November 9, 2023
This report from UK think tank NEF looks at reforming business rates in England.
The UK’s current business rates system is not fit for purpose – it is unfair, inefficient, and overcentralised. In this paper, we propose a new business rates system that combines a land value and a business property tax. Our proposed system is fairer, more efficient, and gives more control to local authorities.