Ash Ock wrote:@a4architect,
Have you by any chance read any of the articles a certain Mwarang'ethe has been posting on Kumekucha?
If not, have a look, especially at this
one and this
one.
@Ash Ock thanks for the link. I have read it. Mwarangethe is a very brilliant philosopher-the kind that Kenya needs to nurture/utilise.
He has explained the Land Value tax with a philosophical flavour.
I have explained the same thing with an architectural/real estate flavour.
Looks like the CoE eventually listed to him but were not bold enough to add the finer details. They left this task to the Land Commission.
The constitution says;
Quote:61. (1) All land in Kenya belongs to the people of Kenya
collectively as a nation, as communities and as individuals.
This is the core of the Land Value tax system.
It also says as regards to the Land Commission's role:
Quote:(g) to assess tax on land and premiums on immovable property
in any area designated by law; and
He explained Zimbabwe method of redistribution. I tend to agree with him that redistribution does not help the economy as much as the Land Value tax system coz the redistributed land can still be held vacant by the owners.
@
Land rates are tax on land. The difference is that Land Value tax is based on the maximum value that the land can attract hence higher than land rates. Land Value tax also varies depending on the zone.
This value is high and in essence, all other taxes such as VAT and Income tax should be abolished and only this method used to collect tax.
As Iron Sharpens Iron, So one Man Sharpens Another.