The ASI's wish list for the 2016 Budget has featured in City AM, focusing particularly on our calls to scrap stamp duty on shares, and replace business rates with a land value tax.

The verdict is unequivocal: scrap [stamp duty on shares]. The Adam Smith Institute (ASI) says this is one of the most harmful taxes and raises relatively little.

The ASI wants business rates to be stopped from taxing capital. Its reasoning is as follows: business rates tax property values, so they effectively tax both the land a property is built on, and what sits on top of the land (bricks, mortar, machinery).

Read the full article here.