Suppose Toronto adopted a tax on land value instead of a property tax (while collecting the same

Question:

Suppose Toronto adopted a tax on land value instead of a property tax (while collecting the same revenue). Would downtown parking become scarcer? Would the reform in Toronto have an effect on the value of land in nearby Hamilton? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Public Finance In Canada

ISBN: 9781259030772

5th Canadian Edition

Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon

Question Posted: