Why does the UK pay the highest rate of property tax in the world?

Did you know that the UK has the highest property taxes in the developed world? The government is squeezing home owners and businesses and showing no signs of relenting. New data has come to light which shows Britain is paying the highest rate of taxes on property purchases. OECD (Organisation for Economic Co-operation and Development) show that when purchasing a property, taxes made up 12.7% of the total burden in 2014, the latest year for which data is available. Since 2014, taxes have only increased with the likes of Stamp Duty changes in April 2016. This equates to taxes levied on property as a share of total taxation is higher in the UK than anywhere else in the developed world. The average tax burden across the 35 OECD members is more than half the UK figure. Since 1965 the average has fallen from 8% to 5.6% meanwhile the UK has...
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