Absentee landlord

In economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 book of the same name, Absentee Ownership.[1] Overall, tax policy seems to favour absentee ownership.[where?][2] However, some jurisdictions seek to extract money from absentee owners by taxing land.[3] Absentee ownership has sometimes put the absentee owners at risk of loss.[4]

  1. ^ Veblen, Thorstein (1996). Absentee Ownership. ISBN 1-56000-922-5.
  2. ^ Fisher, Peter S. (March 1985), "Corporate Tax Incentives: The American Version of Industrial Policy", Journal of Economic Issues, 19 (1): 1–19, doi:10.1080/00213624.1985.11504338, JSTOR 4225540
  3. ^ Lee, Kangoh (2003), "Should Land and Capital be Taxed at a Uniform Rate?", Canadian Journal of Economics, 36 (2): 350–372, doi:10.1111/1540-5982.t01-1-00004, JSTOR 3131847
  4. ^ N Rajagopalan (2003), Governance through ownership: Centuries of practice, decades of research, The Academy of Management