“Many agree that basic income can be a powerful policy tool to reduce inequality. But basic income has the potential to change the broader social system itself depending on its legitimacy and source, and Land-Holding Tax and Land Dividend is a useful lens through which to explore this potentiality. This book is the starting point for the social and ecological transformation driven by basic income.”
Hyosang Ahn_ Chair of Basic Income Korean Network


“This book is new, comprehensive, and innovative in its policy measures. Furthermore, it suggests new legislation—a bill on the basic income-type NLT—a feat that no previous studies have ever attempted. I am certain this book will serve as valuable policy research to promote the basic income-type NLT.”
Sunggwan Hur_ Chair of Gyeonggi Research Institute


“In this book, we review the introduction of a basic income-type NLT(national land-holding tax). We analyze the current state of real estate and the problems of the holding tax system, and present a suitable approach to reorganize the holding tax system. We also explore why NLT is an appropriate option, and discuss the design of the NLT system and its economic effect in detail.” Young Seong Yoo_ Lead author

Foreword
Preface_ Basic Income-type National Land-holding Tax: A New Ambitious Paradigm Prologue_ A Feasible Solution to Real Estate Problems: Basic Income-type National Land-holding Tax


Chapter 01_ Why Do We Need the Basic Income-type NLT and Tax Reform?

∙Reasons to Study the NLT and Tax Reform
∙Literature Review
∙Contents and Research Methodology

Chapter 02_ Land Ownership and Real Estate Inequality

∙Land Ownership
∙Impact of Real Estate Wealth on Income Inequality
∙Conclusion

Chapter 03_ The Real Estate Taxation System and Tax Revenue Trends

∙The Real Estate Taxation System
∙Current State of and Tax Revenue from the Land-related Holding Tax
∙Conclusion

Chapter 04_ The Need for Holding Tax Reform, and Future Directions

∙Necessity for Holding Tax Reform
∙Basic Direction of Holding Tax Reform
∙Introduction of a National Land-holding Tax as a Central Government Holding Tax

Chapter 05_ Design and Expected Effect of a Basic Income-type National Land-holding Tax

∙Is the National Land-holding tax an Appropriate Source of Basic Income?
∙Concept and Necessity of Basic Income-type NLT
∙Introduction of Basic Income-type NLT: Estimation by Scenario, and Net Benefit Distribution
∙Expected Effect of a Basic Income-type NLT on the Overall Economy
∙Issues around Basic Income-type NLT
∙Introduction of the Basic Income-type NLT and Design of the Real Estate Tax System
∙Conclusion

Chapter 06_ The Status and Types of NLT Legislation

∙Status of Land-related Holding Tax
∙Types of NLT Legislation


Chapter 07_ Review of the Constitutionality of the Introduction of a National Land-holding Tax

∙Significance of a National Land-holding Tax
∙Discussion of the Public Concept of Land
∙Unconstitutionality of Taxation on Unrealized Gains and Infringement of Property Rights
∙Unconstitutionality of Double Taxation
∙Basic Structure of the NLT with the Unconstitutional Parts Removed

Chapter 08_ Consistency between the NLT and Other Holding Tax Regulations

∙Adjustment of Double Taxation
∙Review of the Maintenance of Land Classification by Use(General Aggregation, Special Aggregation, and Separation)
∙Relationship to Other Laws

Chapter 09_ Review of the NLT Legislation Bill

∙Purpose Provision and Allocation Provision
∙Land as a Taxation Object
∙Taxpayers: Land Owners
∙Place for Tax to be Paid and Date of Taxation
∙Land Price Evaluation Provision and Tax Bases
∙Tax Rates and Amount of Deduction
∙Non-taxation and Tax Reduction
∙Imposition and Collection Method and Payment Period
∙Payment in Installments and in Kind and an Upper Limit on the Tax Burden
∙Supplementary Provisions and Addenda
∙Amendment of Other Laws and Regulations

Chapter 10_ National Land-holding Tax Act (Bill) Proposal

Chapter 11_ Conclusion

∙Summary 264
∙Policy Suggestions 267

References
List of Tables
List of Figures
Index
List of Contributors