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Author: Thiess Büttner Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper exploits a recent devolution of tax setting powers in the German federation to study the effects of fiscal equalization on subnational governments' tax policy. Based on an analysis of the system of fiscal equalization transfers, we argue that the redistribution of revenues provides incentives for states to raise rather than to lower their tax rates. The empirical analysis exploits differences in fiscal redistribution among the states and over time. Using a comprehensive simulation model, the paper computes the tax-policy incentives faced by each state over the years and explores their empirical effects on tax policy. The results support significant and substantial effects. Facing full equalization a state is predicted to set the tax rate from the real estate transfer tax about 1.3 percentage points higher than without. Our analysis also shows that the incentive to raise tax rates is proliferated by the equalization system because the states' decisions to raise their tax rates have intensified fiscal redistribution over time.
Author: Thiess Büttner Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper exploits a recent devolution of tax setting powers in the German federation to study the effects of fiscal equalization on subnational governments' tax policy. Based on an analysis of the system of fiscal equalization transfers, we argue that the redistribution of revenues provides incentives for states to raise rather than to lower their tax rates. The empirical analysis exploits differences in fiscal redistribution among the states and over time. Using a comprehensive simulation model, the paper computes the tax-policy incentives faced by each state over the years and explores their empirical effects on tax policy. The results support significant and substantial effects. Facing full equalization a state is predicted to set the tax rate from the real estate transfer tax about 1.3 percentage points higher than without. Our analysis also shows that the incentive to raise tax rates is proliferated by the equalization system because the states' decisions to raise their tax rates have intensified fiscal redistribution over time.
Author: T. Matheson Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper exploits the devolution of taxing powers in the German federation to study the efects of fscal equalization on subnational governments? tax policy. Based on an analysis of the system of fiscal equalization transfers, the authors argue that the redistribution of revenues provides incentives for states to raise rather than to lower their tax rates. The empirical analysis exploits diferences in fiscal redistribution among the states and over time. Using a comprehensive simulation model, the paper computes the tax-policy incentives faced by each state over the years and explores their empirical efects on tax policy. The results support a robust and strong incentive efect that works through the tax-base. When facing full equalization, a state is predicted to set the rate of the real estate transfer tax at about 1.3 percentage points higher than without. The analysis also shows that the incentive to raise tax rates has proliferated because individual states? decisions to raise their tax rates have intensifed fscal redistribution over time.
Author: Robin W. Boadway Publisher: World Bank Publications ISBN: 0821364936 Category : Political Science Languages : en Pages : 624
Book Description
The design of intergovernmental fiscal transfers has a strong bearing on efficiency and equity of public service provision and accountable local governance. This book provides a comprehensive one-stop window/source of materials to guide practitioners and scholars on design and worldwide practices in intergovernmental fiscal transfers and their implications for efficiency, and equity in public services provision as well as accountable governance.
Author: Stuart Adam Publisher: Oxford University Press ISBN: 0199553742 Category : Business & Economics Languages : en Pages : 552
Book Description
Based on the findings of a commission chaired by James Mirrlees, this volume presents a coherent picture of tax reform whose aim is to identify the characteristics of a good tax system for any open developed economy, assess the extent to which the UK tax system conforms to these ideals, and recommend how it might be reformed in that direction.
Author: Gianluigi Bizioli Publisher: IBFD ISBN: 908722110X Category : Finance, Public Languages : en Pages : 797
Book Description
This book examines the extreme complexity and the evolution of taxing authority towards a progressive increase in the local governments’ taxing powers. - IBFD website
Author: Mr.James Daniel Publisher: International Monetary Fund ISBN: 9781589065130 Category : Business & Economics Languages : en Pages : 80
Book Description
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
Author: Daphne A. Kenyon Publisher: Lincoln Inst of Land Policy ISBN: 9781558441682 Category : Business & Economics Languages : en Pages : 63
Book Description
States experiencing taxpayer revolts among homeowners are tempted to reduce reliance on the property tax to fund schools. But a more targeted approach can provide property tax relief and improve state funding for public education. This policy focus report includes a comprehensive review of recent research on both property tax and school funding, and summarizes case studies of seven states-- California, Massachusetts, Michigan, New Hampshire, New Jersey, Ohio and Texas. The majority of these states are heavily reliant on property tax revenues to fund schools. While there is no one-size-fits-all solution, the report recommends addressing property taxes and school funding separately.
Author: Kabelo Moeti Publisher: Juta and Company Ltd ISBN: 9780702172946 Category : Business & Economics Languages : en Pages : 156
Book Description
The general analytical skills of public finance are presented in this comprehensive manual through a building block approach to principles, procedures, and methodologies to give a clear picture of how governments manage their finances. Knowledge of public finance, including current policy and legislation, is easy to grasp from the chapter design of the book which aims to establish a consistent pedagogy for the user. Each new subject is introduced with figures, illustrations (anecdotal cartoons), and tables.
Author: Thiess Büttner
Author: Thiess Büttner
Author: T. Matheson
Author: Robin W. Boadway
Author: Stuart Adam
Author: Universities-National Bureau Committee for Economic Research
Author: Gianluigi Bizioli
Author: Dan Usher
Author: Mr.James Daniel
Author: Daphne A. Kenyon
Author: Kabelo Moeti