This presentation was prepared by accounting firm AJC as an attempt to offer a much simplified version of Terry Dwyer’s long-form essay that was recently published by the FCA.
The main key takeaway is that collecting Vanuatu’s public revenue through a land value rate would empower the most productive among us, and protect the most vulnerable, raising money more equitably.
As Mr. Dwyer elegantly put it:
There are only three things you can tax – land, labour or capital – and only one of them cannot demand higher wages, stop breeding, run away, emigrate, slack off, rust out, be hidden or taken elsewhere, so tax what you can, not what you cannot.
