Taxation, Housing Markets, and the Markets for Building Land: An Intertemporal Analysis

ISBN-13: 9783642456329 / Angielski / Miękka / 2012 / 138 str.

Bernd Gutting

Opis

This book discusses aspects of allocation in housing and land market taxation with an analysis of the fundamentals of corresponding tax systems in North America and Western Europe. It provides a contrast to traditional analyses with similar objectives by focussing on the dynamic incidence of taxation and by taking into account the building land itself, not just as a production factor but also as an investment medium. The broader theoretical approach yields results which give rise to a reconsideration of well-loved notions about the taxation (and regulation) of housing and land markets. This book is thus especially relevant for those readers who influence the development of ideas in the field of taxation politics.

Spis treści

I. Introduction.- 1. Motivation.- 2. A General Framework with Housing and Vacant Land Markets.- 3. Summary of Results.- II. The Laissez-Faire Economy and the Condition for an Efficient Allocation of Housing Capital and Building Land.- 1. The Decision Problem of the Landlord.- 1.1. The Optimal Financing Decision.- 1.2. The Optimal Maintenance Plan.- 1.3. The Optimal New Housing Investment Plan.- 2. The Decision Problem of the Landowner.- 3. Conditions For The Market Equilibrium — Features of a Pareto-Optimal Allocation.- 4. Model Dynamics.- III. Taxation and Market Reactions.- 1. Land Taxation.- 1.1. A Tax On The Value Of Land.- 1.1.1. The taxation of vacant land.- 1.1.2. The taxation of developed land.- 1.1.3. The intertemporal incidence of a tax on the property of land.- 1.2. Site Value Taxation — The Best Solution?.- 1.3. Neutral Taxation Of Land.- 1.3.1. The per-unit land tax.- 1.3.2. A general tax on equity.- 2. Sales Taxes And Value Added Taxes.- 2.1. Manufacturer Sales Tax (MST).- 2.2 Retail Sales Tax (RST).- 2.3 Value Added Tax (VAT).- 3. Taxation of Income From Real Estate Property.- 3.1. A Neutral Income Tax.- 3.2. The Ideal And Reality — Existing Income Tax Regulations.- 3.2.1. Income taxation of the landowner.- 3.2.2. Income taxation of the landlord.- Authors Index.- References.