Part of the debate – in the Senedd at 3:20 pm on 12 July 2022.
The benefits of a land value tax are quite clear—it could replace a regressive council tax system, which has no relation to household income, with a system that creates a far greater equality in the distribution of wealth, lowering housing costs for many households across Wales. A land value tax would also help to end land speculation, encourage more efficient allocation of land and provide a sustainable and enhanced source of local government finance. I understand one of the main impediments to the introduction of an LVT is the lack of cadastral mapping. A cadastral database would not only be beneficial for the purpose of taxation, but also in regards to planning and agriculture. So, I was wondering if any progress has been made by the Welsh Government in establishing a cadastral database for Wales? Thank you.