Abolish Council Tax Bands, Argues Think Tank

Council tax bands should be abolished, giving local authorities the freedom to set their own flat rate levy, according to a report from a think tank. In Moving beyond Mansion Tax, CentreForum argues councils should be allowed to retain any revenue raised from homes valued at £2m or below to pay for local services. Any tax raised from homes worth more than £2m, would be distributed nationally under the plans. It argues this new system would make property tax fairer than the proposed Mansion Tax and would strengthen the links between taxpayers and local services. Read more on the LocalGov website.