Perspectives on Fiscal Federalism
Richard Miller Bird, François Vaillancourt
World Bank Publications, Jan 1, 2006 - Political Science - 265 pages
This book addresses a variety of issues relating to intergovernmental finance and the provision and financing of local services including budgeting and financial management, the institutional framework for the conduct of intergovernmental relations, appropriate methods of service delivery in metropolitan agglomerations and remote rural areas, local government enterprises, user charges, property taxes, income and value-added taxes, natural resource taxes, and local business taxes. Throughout, the authors draw on experience both in Canada and in other decentralized countries and consider to vary.
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accountability achieve administration allocation assessment assignment benefits Bird bond borrowing budget business taxes C. D. Howe Institute Canada Canadian capital central government chapter collection countries credit rating decentralization decisions development charges discussion economic economic rent economies of scale efficiency ernment example exist expenditures Fiscal Federalism funds government enterprises higher important impose income tax increase infrastructure Institute intergovernmental fiscal intergovernmental relations issuer issues jurisdictions land large metropolitan areas levels of government levied marginal cost ment municipalities natural resources Ontario operating percent political private sector problems property tax provincial public sector public services Queen’s University remote areas residents resource rent responsible result role sales tax senior level Slack special-purpose districts specific spending subnational governments tax base tax rates tax revenues taxpayers tion Toronto transfers transit urban user charges user fees vertical fiscal imbalance World Bank World Bank Institute
Page 89 - Finally, and by no means least important, equalizing actual outlays discourages both local revenue-raising effort and local expenditure restraint, since under this system those with the highest expenditures and the lowest taxes get the largest transfers.
Page 85 - Both general and regional governments must each have under its independent control financial resources sufficient to perform its exclusive functions.
Page 254 - At the same time, in the market sector, where employment for wages is carried only to the point where the value of the marginal product of labor is equal to the wage rate, the absorption of labor is less than the social optimum.
Page 2 - ... theory, does provide a strong rationale for the establishment of local governments that are responsive to the wishes of their citizens, instead of being simply the agencies of the central government. So long as there are local variations in preferences and costs, there are clearly efficiency gains from carrying out public sector activities in as decentralized a fashion as possible.
Page viii - The people of the Russian Federation shall exercise their power directly, and also through organs of state power and local self-government.
Page 180 - ... least in theory) related in some way to benefits received by the taxpayer in contrast to such general-benefit taxes as fuel taxes levied on road users as a class or local general business or property taxes viewed as a price paid for local collective goods (see below). Examples abound in local finance: special assessments, land value increment taxes, improvement taxes, front footage levies, supplementary property taxes related to the provision of sewers or street-lighting, development exactions...
Page 12 - ... Financing Education Infrastructure: An Examination of Mexico's Federalisation", in Decentralisation and the Financing of Educational Facilities, OECD, Paris. Aregional.com, (2002), "El marco juridico de la deuda publica en las entidades federativas - un estudio comparativo", No. 5, May. Bird, RM and P.-P. Gendron (2001), "VATs in Federal Countries: International Experience and Emerging Possibilities", Bulletin of the International Bureau of Fiscal Documentation, July.
Page 90 - ... governments. The performance criterion, which adjusts the transfer received in accordance with the perceived need for the aided service (and which may also allow for cost differentials), is generally more attractive to central governments...
Page 90 - In many developing countries, however, most smaller rural areas are not able to provide any significant local services solely from their own resources. This lack of local resources should not be confused with a lack of local capacity to make and implement suitable expenditure decisions, since...