UK: Posen calls for 'bubble tax' on homes [national property tax?]
Homeowners must be charged penalty taxes on their properties if the UK is to avoid a future housing crash, according to one of the Bank of England's policymakers. Adam Posen, a member of the Bank's Monetary Policy Committee, said that the Government should consider slapping extra taxes on British properties, suggesting that in future homeowners should have to pay an extra charge if prices rise too fast. In comments which will cause extreme disquiet in the Treasury, he even indicated that this may mean imposing capital gains taxes on first homes and raising stamp duty. The comments, in a speech...
Original Article: Forum: News/Activism
Tags: Bank Of England, Capital Gains Taxes, Crash, Disquiet, Extra, Monetary Policy Committee, Policymakers, Posen, Property Tax, Stamp Duty, Treasury