Martins, Alexandre and Pinto, Hugo (2009): Reflexões sobre a Avaliação do Quadro Fiscal Regional: Implicações para o Algarve.
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The article discusses the central conclusions of the study "Evaluation of Regional Fiscal Framework: Business Location and Local Finance" (Barreira, 2008). A reflection on some of the core principles of local finance, equity and benefit, shows that there are inconsistencies in the case of the Algarve. The region has generated tax revenue above the national average in which the property taxes have a disproportionate weight. This situation underlines the dependency of municipalities in the Algarve to the real estate activities around tourism. The number of companies registered does not adequately represent the level of economic activities carried out in the region. Many firms have the headquarters situated in other regions and fracture the desired balance between the recipient and taxpayer. The paper shows that a correction of this problem could increase the weight of the Algarve's economy in the national total and significantly increase the regional tax revenues.
|Item Type:||MPRA Paper|
|Original Title:||Reflexões sobre a Avaliação do Quadro Fiscal Regional: Implicações para o Algarve|
|English Title:||Reflections on “The Evaluation of the Regional Fiscal Framework”: Implications for the Algarve|
|Keywords:||Local Finance; Algarve; Benefit; Tax Revenue|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents
|Depositing User:||H Pinto|
|Date Deposited:||10. Nov 2009 14:33|
|Last Modified:||26. Feb 2013 10:42|
BARREIRA, A.P., (2008) Avaliação do Quadro Fiscal Regional: Localização Empresarial e Finanças Locais in Guerreiro, J. (org.) Caracterização da Estrutura Económica do Algarve, NERA, Loulé, disponível online em www.cria.pt. MUSGRAVE, R., (1959) The Theory of Public Finance, McGraw Hill, New York. OATES, W. E., (1968) The Theory of Public Finance in a Federal System, The Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 1, No. SAMUELSON, P. A., (1954), The Pure Theory of Public Expenditure, The Review of Economics and Statistics, Vol. 36, No. 4. pp. 387-389. SMITH, A., (2006 ), A Riqueza das Nações, (2 Volumes), Lisboa, Edições Calouste Gulbenkian. TIEBOUT, C., (1956) A Pure Theory of Local Expenditures, The Journal of Political Economy, Vol. 64, No. 5.