Is Wales Ready to Replace Business Rates with a Land Value Tax?
Summary by Business News Wales
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Is Wales Ready to Replace Business Rates with a Land Value Tax?
GUEST COLUMN:Alex ProbynPractice Leader of Property Tax (Europe and Asia-Pacific)Ryan (Global Tax firm) The Welsh Government is moving beyond theory and into action. Last month, Cabinet Secretary Mark Drakeford MS confirmed in the Senedd that work was now actively underway to explore replacing both Council Tax and Business Rates with a Land Value Tax (LVT). A formal public tender is now live to assess valuation methods, data needs, revenue model…
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