A Primer on Property Tax: Administration and Policy by William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

By William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

This encyclopedia presents an in-depth research of concerns on the topic of estate taxation, together with legislations, public finance, decentralization, valuation, and estate tax shape. This encyclopedia examines the standards utilized to judge the strengths and weaknesses of estate tax. this article additionally discusses the most valuation equipment and the commercial rules underpinning them, and experiences the criminal and administrative facets of estate tax. delivering topical and hugely suitable fabric, this article additionally seems at a number of efforts to reform the valuables tax in international locations that experience platforms in position deemed vulnerable or useless

Show description

By William J. McCluskey, Gary C. Cornia, Lawrence C. Walters

This encyclopedia presents an in-depth research of concerns on the topic of estate taxation, together with legislations, public finance, decentralization, valuation, and estate tax shape. This encyclopedia examines the standards utilized to judge the strengths and weaknesses of estate tax. this article additionally discusses the most valuation equipment and the commercial rules underpinning them, and experiences the criminal and administrative facets of estate tax. delivering topical and hugely suitable fabric, this article additionally seems at a number of efforts to reform the valuables tax in international locations that experience platforms in position deemed vulnerable or useless

Show description

Read or Download A Primer on Property Tax: Administration and Policy PDF

Best public finance books

Debt Games: Strategic Interaction in International Debt Rescheduling

This booklet explains the numerous version that has emerged through the years and throughout situations in foreign debt rescheduling in the past 100 and seventy years. according to a unique situational conception of bargaining, Professor Aggarwal's learn offers a mode to infer actors' payoffs in numerous bargaining events to advance "debt games," that are then used to foretell negotiating results.

Green Accounting in Europe — Four case studies

Traditional monetary bills, which degree Gross nationwide Product (GNP)and comparable symptoms of nationwide functionality, don't absolutely permit for the damages prompted to the surroundings during generating and eating items and providers. Nor do they absolutely account for the truth that a few assets are being depleted in attaining the residing criteria that we get pleasure from this present day.

The Economics of Special Privilege and Rent Seeking

Because the reader of this ebook most likely already is familiar with, i've got dedicated loads of time to the subject that is, fairly regrettably, named hire looking. hire looking, using assets in really reducing overall product even though reaping rewards a few minority, is, regrettably, an incredible job of so much governments.

Additional resources for A Primer on Property Tax: Administration and Policy

Sample text

In the majority of countries, responsibility for assessment rests with at least one level of government. In a few countries, generally those that are relatively poor with little tax administrative capacity, self assessment may be the practice. Here, property owners assess their own property and pay a tax based on this assessed value. Hungary, Tunisia and Thailand are examples of countries that have self assessment systems (for a discussion of self assessment systems, see Property Tax: A Situation Analysis and Overview 13 Bird and Slack, 2004a).

Incidence of the property tax The legal incidence of the property tax is on the owners of real property. The emphasis in this chapter, however, is on economic incidence – the tax’s final resting place. Every tax creates an incentive for those paying the tax to try and avoid it, either by attempting to shift its burden to another economic agent (for example, from the owner to the tenant in the case of rental properties or from the producer to the consumer or the factor of production in the case of the tax on Property Tax: A Situation Analysis and Overview 27 commercial and industrial properties) or by shifting resources into other, less heavily taxed activities, or by shifting one’s activity to other, less heavily taxed jurisdictions.

In Japan, Latvia, Ukraine, Chile, Nicaragua, China, Thailand, Guinea and Tunisia, rates are basically set by a senior level of government. In Hungary, Poland, Russia, Colombia and the Philippines, rates are set by local governments but within limits imposed by a senior level of government (Bird and Slack, 2004a). On the established theme that the most transparent, efficient and accountable local government is one that is responsible for raising its own revenue, it follows that local governments should be responsible for setting their own tax rates.

Download PDF sample

Rated 4.44 of 5 – based on 19 votes