It’s more than South Korea’s new president supporting Land Value Tax.
Welcome to the third addition of LVT Landscape, a roundup of the movement in the land value tax implementation. The last Landscape was over two months ago! Perhaps I need to put this out more frequently?
This Landscape edition is structured differently than past ones, using bullet points. And, for the first time, I will be featuring information beyond the US. Finally! I hope to cover more international content. If you have context on land value tax in non-US countries, please reach out.
International Movement:
- South Korea: South Korea elected a president who has once espoused land value taxes. Read more in Steve’s post.
- Wales: Wales’ Finance Secretary, Mark Drakeford, has indicated that plans to transition to a land value tax are very much being considered. Drakeford started as finance secretary late last year; he has had a career in government as well as a long career as a professor in social policy. He has been an LVT supporter for quite some time and has begun looking for proposals on how to value land. He has spoken multiple times in the past couple of months promoting land value taxes. Here is him describing the importance of land valuation techniques (expect more from Lars and I next month on land valuation and OpenAVMKit, an open-source property valuation engine).
Read the rest on Progress and Poverty’s blog: https://progressandpoverty.substack.com/p/lvt-landscape-3-lvt-momentum-is-worldwide