European Tribune

Display:
... by one of the Central American nations in its land reform ... use the land value declared for tax purposes as the compensation that must be paid if land is nationalized.

Of course, the result was the CIA acting as an enforcer for United Fruit in overthrowing the government. But in abstract, its a check on understating taxable property value that bears considering.


Utsukushikereba sore de ii

by BruceMcF (agila61 at netscape dot net) on Sun Oct 12th, 2008 at 11:47:15 PM EST
[ Parent ]
Sure, in the interim, while the government gets its own auditor corps up and running.

The threat of nationalisation at compensation equivalent to the value declared for tax purposes is scary if and only if a) you systematically under-value your land in order to defraud the taxpayers AND b) there is a real need for land reform.

I am not sure that there is a real need for land reform in much of The West(TM). So we'd need an auditor corps to assess the property values.

- Jake

Ceterum censeo Chicago esse delendam

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Oct 13th, 2008 at 01:36:02 AM EST
[ Parent ]
... scary was the political economy of it. There likely is a political economy of acquiring undervalued property and selling it at auction on the open market that would make it sufficiently scary ... though I don't think I'll be thinking that through.


Utsukushikereba sore de ii
by BruceMcF (agila61 at netscape dot net) on Mon Oct 13th, 2008 at 06:50:18 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recent Diaries
Debates
Campaigns
Occasional Series