The start of a wealth tax : Mansion tax

Comme les États Providence sont tous sur le bord de l’insolvabilité. Des taxes sur le patrimoine vont apparaître, dans ce cas-ci ce sont les maisons qui sont au-dessus de 3 millions.

Londres au cours des deux dernières décennies a reçu d’énormes investissements dans l’immobilier par les étrangers (Arabe, Chinois, Russes), évidemment, comme à Vancouver les résidents n’ont plus les moyens d’acheter une résidence dans leur propre ville.

Cette taxe rapportera presque de 1.8 milliards de revenus supplémentaires par année, peut-être cela calmera les ardeurs aux étrangers d’acheter des résidences au Royaume-Unis et de donner la chance au peuple de reprendre possession de leurs villes.


Extrait de: Who would pay a “mansion tax, BY H.C. & THE DATA TEAM, The Economist, Apr 26th 2015

 

BRITAIN FEATURE PACKAGE LONDON SOHO

AN ENGLISHMAN’S home, it is said, is his castle. Little surprise then that the prospect of a mansion tax” on British property worth over £2 million ($3 million) has rich homeowners up in arms. Even celebrities are voicing their opposition; stars like Sol Campbell, an ex-footballer, and Myleene Klass, a singer, have lambasted the proposal. But they could not deter both the Labour Party and the Liberal Democrats from including the tax in their election manifestos. Labour says the tax (which they reckon would raise about £1.2 billion a year) will be progressive. Those with homes just over the threshold would only pay about £3,000 per year, and owners of affected homes with low incomes would be able to defer the tax payments until their property was sold. The threshold would also rise over time in line with the average increase in high-value property prices. But opponents of the tax object that it will primarily hit residents of modest homes in pricey London, rather than “mansions”. That, they say, is unfair to long-term residents who, though paper millionaires, did not ask for their homes to soar in value. Who will pay the mansion tax?

 

Bienvenue d’avoir laissé les étrangers conquérir le marché immobilier, ou vous payez les taxes ou vous vendez avec un majestueux gain de capital, vous ne pouvez pas avoir le beurre et l’argent, vous êtres devenus millionnaires sans effort à cause de décision politique, maintenant vous devez contribuer.

The Economist crunched the numbers on all property sales in England and Wales between 2009 and 2014 to estimate the number of “mansions” in each constituency. In total, around 91,000 English and Welsh properties would incur the levy if the threshold were set at £2m. About 74,000 (81%) of these are in London, with a further 11,000 elsewhere in the south-east. By contrast, we estimate that fewer than 100 properties in the north-east, and just 12 in Wales, are worth more than £2m.

Who would pay a “mansion tax

It comes as no surprise that the constituency with the highest number of mansions is Kensington, home to bankers and oligarchs, where almost one-third of households would have to pay the tax. Outside London, Beaconsfield in Buckinghamshire—just outside the capital—has the most mansions. Over half of English and Welsh constituencies—317 of 573—have no mansions at all. Our map shows our estimates of how many properties are worth more than £2 million in each constituency.

The uneven distribution of the tax hardly comes as a surprise. Incomes and hence income tax revenues are highest in the south-east; few label this an injustice. Similarly, the high price of London properties is down to their desirability and scarcity; economists measure wealth with prices, not floorspace. An occupant of a London house—whenever they bought it—is making use of one of society’s prized assets. However, geographical transfers are a sensitive issue in Britain. The rise of the Scottish Nationalist Party means that after May’s election, a Labour minority government might only be able to introduce the mansion tax with the support of the SNP. Residents of England, which leans toward the Conservative Party, would almost certainly resent the Scottish nationalists introducing a tax with such a disproportionate impact. Location, after all, is everything.