00933pab a2200169 454500 180718b2005 xxu||||| |||| 00| 0 eng d Kumar, T. Ravi Tax devolution and regional disparities 2005 p.2020-022. 14 May 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. Regional disparities Taxation Economic and Political Weekly 65195 65195 65195 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 40, Issue no: 20 AR65647 2018-07-19 2018-07-19 AR