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Publicação
Towards the reform of local finance : the case of Portugal
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Autores
Orientador(es)
Resumo(s)
This paper deals with the main characteristics of a good system of local fiscal institutions and takes into account the contributions of local finance literature. Given that it is a normative issue, the first part starts with a brief review of the three main ethical criteria of efficiency, equity and liberty. There follow some implications of the normative framework for the definition of characteristics which a system of local fiscal institutions should have. Finally a critical appraisal of the Portuguese system is developed. The main conclusions are: (i) the present situation where mobile factors are taxed differentially across jurisdictions and immobile factors more or less uniformly, should be reversed; (ii) the current tax on the purchase of state property (siza) should be either suppressed or its distortionary effects minimised; (iii) the creation of special local authorities providing single merit goods (such as education) should be seriously considered; (iv) local taxes are mainly based on property and should search for other tax bases that are more elastic in relation to GDP so that economic growth does not lead to increased centralisation of revenues.
Descrição
Palavras-chave
Public Economics Local Finance Local Government Fiscal Policy Models Portugal
Contexto Educativo
Citação
Pereira, Paulo Trigo. “Towards the reform of local finance : the case of Portugal ”. Instituto Superior de Economia e Gestão - DE Working papers nº 3 -1995/DE
Editora
ISEG - Departamento de Economia