Property Development and Lower Taxes Are The Way Forward for a Greater Britain

by Mark Alexander

11:26 AM, 8th July 2016
About 2 years ago

Property Development and Lower Taxes Are The Way Forward for a Greater Britain

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Property Development and Lower Taxes Are The Way Forward for a Greater Britain

Property Development and Lower Taxes Are The Way Forward for UK

They say a picture tells a thousand words. Well just look at this picture of how Hong Kong has developed over the last 40 years!

It is generally considered that it was the vision of a British Diplomat who turned around the fortunes of Hong Kong by creating a low tax environment to attract business and property development.

I now live in Malta where something similar is going on. The Government introduced a tax incentive for online gaming companies to relocate here. They pay 5% corporation tax subject to a maximum of 500,000 euro’s a year. They bring talent and pay high wages. Naturally their employees pay local taxes and want to live in nice properties, eat in fine dining establishments and buy the latest designer clothes and gadgets. I couldn’t find pictures of how the skyline of my new home town in Sliema, Malta has changed over the last 40 years but I’d like to bet the contrast is equally impressive as the pictures above.

Whilst the British Government continues to bash those involved involved in UK property development and investment, competing Countries are creating incentives for it.

Malta is now the second strongest economy in the EU and yet they don’t have any capital gains tax at all. Now is that a pure coincidence?

If only the British politicians of today could have the same foresight as the British Ambassador had for Hong Kong. All they seem to be bothered about is getting elected and winning the next election!

Our politicians need to be made to listen to logic and reason, not the current claptrap and sound bites currently being spouted by almost all British politicians.

Anybody who wants to be part of the success of the future of Great Britain, by working hard and paying fair tax, should be made welcome, whatever their nationality, race, skin colour or religion. The UK  has always been and will still be a Nation highly reliant upon immigration. In the 50’s, 60’s and 70’s we actively encouraged immigration from our former colonies and around the world. We made them welcome by ensuring they had somewhere to live and that mentality needs to be restored for our economy to continue to grow. The answer is a simple one, encourage and provide incentives for all forms of housing development and associated investment. Matching supply with demand is the ONLY way to regulate property prices and speculation. People need REAL choices.

We are no longer going to be a part of the single market of the EU but neither are any other non-EU Countries, which is still most of them, certainly within the developing world and the Countries with the strongest economies.

I am, therefore, urging all people with a genuine interest in property and the success of Great Britain to unite, let us make our voices heard, let us make sure the politicians understand that low tax, positive expansion through selective immigration and above all investment into ALL forms of quality housing provision is the way forward.

Our opportunity is now here!

Please join Property118 Action Group TODAY.

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Comments

Gareth Wilson

12:33 PM, 8th July 2016
About 2 years ago

Incentive and investment, not antagonism and political opportunism. Every other successful country gets it. This means that the treacherous and disastrous legacy of the present crop of Treasury wormtongues needs to be utterly wiped. We need a new approach to housing policy that is the polar opposite to the corruption and scape-goating set in motion since last summer's budget.

Neil Patterson

12:43 PM, 8th July 2016
About 2 years ago

It is a widely held theory that if corporation tax was reduced to 11% that revenues would actually increase!

Gromit

13:04 PM, 8th July 2016
About 2 years ago

I like the word "wormtongue" it sums up George Osborne perfectly.

A “ wormtongue” is a cunning, lying “sack of s**t” troll who for some reason is able to incredibly manipulate people to evil ends with their voices. The trance that worm tongues put their victims into is similar to a snake that hypnotises its prey, before it eats them.

Most televangelists, used-car salesmen, politicians, hookers, drug dealers and lawyers have worm tongues and have the power to seduce people with their voices.

Jay James

13:27 PM, 8th July 2016
About 2 years ago

Reply to the comment left by "Gareth Wilson" at "08/07/2016 - 12:33":

Gareth and Barry - brilliant term and application.
google it and think about our politicians

Jay James

14:02 PM, 8th July 2016
About 2 years ago

Reply to the comment left by "Neil Patterson" at "08/07/2016 - 12:43":

maybe we should try it and see what happens

James Fraser

14:50 PM, 8th July 2016
About 2 years ago

Mark

I have long, long since been arguing that we should be a low tax economy. Post Brexit, I have told anyone who will listen that we need lower taxes to prosper. I even put in my summit speech a quote from from Churchill that said 'a nation that tries to tax its way into prosperity is like a man standing in a bucket and trying to pull himself up by the handle'. Low taxes are a necessity - see also Dubai as an example of prosperity as wealth is attracted there.

It was for this reason that I was pleased to see Osbo immediately stating that corporation tax would fall. It needs to - as do all other taxes. There is much evidence that revenues go up as taxes fall (to a certain point) as people willingly become more productive and less inclined to avoid tax. A thing called the Laffer Curve explains optimum taxation which usually occurs by lowering tax rates.

If, going forward in a Brexit world, we get a decent points-based immigration policy coupled with low taxes and an encouragement to build/develop/refurb/convert new or unused properties, we can attract the very best talent whilst supporting more, new housing which in turn benefits the wider economy.

But we need a government that understands this, AND is willing to implement it. We live in hope rather than expectation.

Mandy Thomson

15:41 PM, 8th July 2016
About 2 years ago

Mark Alexander

18:05 PM, 8th July 2016
About 2 years ago

YODA

James Fraser

19:18 PM, 8th July 2016
About 2 years ago

I heard an interesting comment the other day in the news - no idea where/who now - but they were saying that the pure housebuilding figure doesn't support this.

In the last 40 years, the population has grown by 13%, but dwelling numbers have gone up 43%, so you'd think we had more than enough. But two problems have occurred in that time to change the outlook.

1. More people are living singly, either by choice or greater divorce rates.

2. There are large tracts of this country, usually around ex-industrial sites, that are undesirable and have an oversupply with many empty houses - but no one wants to live there anymore.

These points make sense to me, so maybe they also need to be factored in to any solution. Building more houses only really works in desirable areas. If the area isn't popular, some other approach is needed.

Handson Landlord

9:05 AM, 9th July 2016
About 2 years ago

Further to Neil s and James Fraser's posts, I d like to add lowering CGT, abolishing IHT and reviewing/abolishing leasehold law to push the use of Commonhold law with new build would encourage proportionately more confidence, more transactions and certainly more taxation in the coffers.

Looking at suitable types of housing for the single, and the retired/widowed near to town centres, high streets, near to things to see and do, community facilities, transport. Taking housing out of the political party arena would help, as it's not served the best interests of those involved down the chain so far, or provided the answers.

The taxation system and styles of housing need a complete change if the UK is to thrive post Brexit, rather than the usual tinkering.

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