§ 50. Mr. SMITHERS(for Colonel RUGGLES-BRISE) asked the Chancellor of the Exchequer if he will inquire in what countries, if any, a similar form of Land Value Tax to that proposed in the Finance Bill is in operation; and what is the unit of valuation and the rate of the tax in such countries?
§ Mr. PETHICK-LAWRENCEA Land Value Tax is in force for national purposes in Denmark, New Zealand, the Commonwealth of Australia, Queensland, Victoria, Tasmania, South Australia and West Australia. The hon. and gallant Member will no doubt be aware that in several countries also the site value of land forms the basis of taxation for local purposes. Generally speaking, the unit of valuation is each piece of land that is in separate occupation. To answer the last part of the question would involve a detailed examination of the various statutory provisions of the respective countries or States. I will see if the information can be furnished in summary form without an undue expenditure of time and labour.
§ Mr. HORE-BELISHAWill the Government issue a White Paper on this matter showing the full effect for the guidance of Members?
§ Mr. PETHICK-LAWRENCEI will submit that point to my right hon. Friend.