Search Results for: Municipal Revenues

In 2012, Vietnam will celebrate 25 years of economic reform and structural readjustment from a largely centralized, subsidized economy to one based on market principles. This paper reviews existing property-based taxes and outlines the potential for a land tax to effectively replace the current property tax.
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This book examines the broad reform of the Ontario property tax in 1998. The objectives of this reform included introducing a full market value assessment, establishing a property tax system that would be widely accepted, and removing property tax reform from the provincial political agenda. Although the reform effort was lauded by experts at the time, its overall objectives were not achieved. In fact, the new assessment system may have ultimately weakened the role of the local property tax. Good property tax design needs to recognize the important differences between taxing housing and taxing business property.
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Monica Pinhanez discusses the current tax system in Brazil, including the tax structure and regulations of federal, subnational states, and local governments. She also examines the municipal tax system and revenue collection, analyzing the role and duties of local government in the current Brazilian federal system, and the reforms that are taking place at the local level.
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Since municipal sector spending represents almost 14% of Hungarian GDP, imbalances in municipal finance have a measurable effect at the macroeconomic level. The current government is setting new rules on local borrowing. With the rare two-thirds majority in parliament, it has the chance to introduce long awaited reforms, although they are likely to be met by intense opposition at the local level.
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There is little evidence of regional, let alone worldwide, trends in local finances. In analyzing and comparing country experiences, it is important to be clear about the different (implicit or explicit) normative models to be found in the literature and exemplified in practice in different countries.
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The property tax is considered to be a good tax for local governments, yet property tax revenues rarely account for more than 3 percent of Gross Domestic Product (GDP) in any country. This paper explains why the property tax is under-used by highlighting some of the problems with the tax.
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This paper explores the financing of services and infrastructure in large cities and metropolitan areas. Do large cities spend more than smaller cities? Do larger cities have greater fiscal capacity? Are large cities treated differently from other cities? What are the appropriate revenue sources for large cities?
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This paper identifies some key reforms needed to ensure more citizen participation and greater accountability in urban governance, and to augment and strengthen the capacity of Indian cities to deliver more adequate services and provide needed urban infrastructure.
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