LVT meaning in Business ?

Answer:

What is Land Value Taxation mean?

A land value tax or location value tax (LVT), also called a site valuation tax, split rate tax, or site-value rating, is an ad valorem levy on the unimproved value of land. Unlike property taxes, it disregards the value of buildings, personal property and other improvements to real estate. A land value tax is generally favored by economists as (unlike many other taxes) it does not cause economic inefficiency, and it tends to reduce inequality.

Land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been known since the eighteenth century. Many economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or disincentivize the construction, repair, and maintenance of land. LVT is most famously associated with Henry George, whose ideology became known as Georgism. Georgism argues that taxing the value of the land (economic rent) is the most logical source of public revenue because the supply of land is fixed and its location value is created by communities and public works.

A land value tax is a progressive tax, in that the tax burden falls on titleholders in proportion to the value of locations, the ownership of which is highly correlated with overall wealth and income. Land value taxation is currently implemented throughout Denmark, Estonia, Lithuania, Russia, Singapore, and Taiwan; it has also been applied to smaller extents in subregions of Australia, Mexico (Mexicali), and the United States (e.g., Pennsylvania).

reference

Full Form	Category
LiquiVision Technology, Inc.	Business
Land Value Taxation	Business
Land Value Taxes	Community
Light Valve Technology	Computing
Low Voltage Trigger	Computing
Low Voltage Ttl	Computing
Link Velocity Trends	Computing
Lenovo Vantage Technology	Computing
Louverture	Cryptocurrency
Low Voltage Technology	Electronics
light violet	General
Luxury Vinyl Tile	General
Luxury Vinyl Tiles	General
Low Volume Terminal	General
Leasehold Valuation Tribunal	General
Lehigh Valley Transit	General
LIGO Virgo Trigger	General
Light Value Transfer	General
Low Vibration Track	General
Laser Vaginal Tightening	General
Local Vehicle Team	General
Licensed Vehicle Tester	General
Landing Vehicle Tracked	General
Light Vehicle Tracks	General
Licensed Vehicle Testing	General
Luxury Vehicle Tax	General
Light Vehicle Technician	General
Luxury Vinyl Title	General
Licensed Veterinary Technician	Medical
Last Visible Thread	Messaging