Sunday, November 30, 2014

Experts believe property taxes will push prices – E24

Experts believe property taxes will push prices – E24

– The danger of stool is certainly true if one introduces a significant tax on property on wrong time, said chief financial Roger Bjørnstad Economic Analysis to Dagens Næringsliv.

Saturday revealed key sources of Bergens Tidende that state Scheel Committee enters to reduce corporate and personal tax from the current 27 percent to down against 20 percent. The loss of revenue to the state proposed covered by introducing state property tax, which will affect 80 percent of households in Norway.

While Bjørnstad warns against falling house prices, think Bjorn Erik Øye in Prognosesenteret that property taxes are never introduced.

– The government does, is dead, he believes.

Eye think increased housing tax will lead to a short-term fall in house prices, although other taxes lowered simultaneously.

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Foxton and Eye is not alone in believing that the property tax will have serious consequences. Leader in Huseiernes Association, Peter Batta, believes it is the wrong way to go.

– The residence is a home, not a tax object. One can not look at this theory, as capital and investment. It is not the ordinary people do. Where booms economists correctly, he said to E24 for the weekend.

He believes that it is not possible to compare different type of capital with owning property and do not think such a tax shift whatsoever have legitimacy among the population.

– All surveys we have conducted show that people seem distribution of taxes is relatively reasonable. The progressive income tax seems most is a fair arrangement, the same applies moms and share the treasure.

– Rather it is quite the opposite when it comes to property taxes. Document fee is most hated, then comes wealth of housing, said Batta to E24.

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Chief Economist Harald Magnus Andreassen, however, had a slightly different setting than the other weekend.

– This is dire. You need not be an economist to understand that the treatment of housing and property in the current tax is wrong, he said to E24 questions about what he thinks about a possible property tax.

He believed that any property will probably constitute between 0.5 and 0.75 per cent of property real market value. This corresponds to between 15,000 and 22,500 pounds for a dwelling with a market of 3 million.

Secretary of State Jon Gunnar Pedersen (H) in the Treasury Department would not comment on leaks from the committee that submits its report Tuesday, but said on general basis that the tax regime must be seen as one.

– The Scheel Committee proposes changes for businesses, will have effects on personal taxation also, he says to Dagens Næringsliv.



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