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EC urges taxation on high value properties
Zone(s): Europe ¦ Sector(s): Tax, Property
[4 June 2014, ICAEW] By Ellie Clayton: The European commission has described the UK council tax system as “regressive” and urged the government to increase taxes on high value homes.
In its country specific recommendations, released on 3 June, the commission urged the UK to take more action to address the imbalance between supply and demand of housing, particularly in London and the South East.