Tax devolution and regional disparities
By: Kumar, T. Ravi.
Material type:
ArticlePublisher: 2005Description: p.2020-022.Subject(s): Regional disparities | Taxation
In:
Economic and Political WeeklySummary: The changes introduced by the Twelfth Finance Commission in the horizontal devolution formula determining the inter se tax shares of individual states have effectively reduced its progressivity at a time when regional disparities are worsening. Equity considerations necessitate greater utilisation of criteria that reflect the variations in the levels of regional development, if the poorer states are to overcome differentials in revenue capacity by obtaining a larger share in Finance Commission awards. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 40, Issue no: 20 | Available | AR65647 |
The changes introduced by the Twelfth Finance Commission in the horizontal devolution formula determining the inter se tax shares of individual states have effectively reduced its progressivity at a time when regional disparities are worsening. Equity considerations necessitate greater utilisation of criteria that reflect the variations in the levels of regional development, if the poorer states are to overcome differentials in revenue capacity by obtaining a larger share in Finance Commission awards. - Reproduced.
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