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Making the Property Tax Work: Experiences in Developing and Transitional Countries

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Description

Students of public finance and fiscal decentralization in developing and transitional countries have long argued for more intensive use of the valuables tax. It will seem the precise choice for financing local government products and services. In keeping with a Lincoln Institute conference held in October 2006, the chapters on this book take this argument one step further in drawing on latest experience with property tax policy and administration. Two main sets of issues are addressed. First, why hasn’t the valuables tax worked well in most developing and transitional countries? Second, what can also be done to make the valuables tax a more relevant source for local governments in the ones countries? The a large number of advantages of the valuables tax as a local government revenue source are analyzed and discussed in detail as are the many perceived disadvantages.

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