TITLE

Latvijas pašvaldību finanšu izlīdzināšanas sistēmas darbības izvērtējums tās pilnveidošanai

AUTHOR(S)
Jansone, Sandra; Shenfelde, Maija
PUB. DATE
June 2010
SOURCE
Economics & Business;Jun2010, Vol. 20, p65
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The purpose of the article is to evaluate the compliance of the financial equalization system activity existing in the local municipalities of Latvia with the legislation of our country and recommendations of the Council of Europe. Due to accomplishment of the purpose the authors of the article analyse basic principles of the municipality budgets, drawing attention to the factors which complicate to analyze the financial situation of the local municipalities. Suggestions are given on the bases of the positive experience of the local municipalities of other states, in which the existing division of budget into the bussiness budget and investments' budget provides effective management and analysis of the local municipalities budget. There are some factors which inconvenience effective work of the financial equalization system in the local municipalities in Latvia. Suggestions for elimination of these factors are offered. The article mainly focuses the sort of tax revenue, which characterizes the finances of the municipalities - validity of income tax and real estate tax choice and gives suggestions in increasing the budget of municipalities due to tax increases. The authors of the article investigate the parameters which are used to analyze the criteria of the financial system necessity in municipalities and suggest the establishment of new criteria and the activation of the existing criteria as well. Inclusion of definite part of the enterprise income tax and natural resources tax into financial equalization fund of municipalities is offered. It would be useful to include some additional criteria which are concerned with economical activity and improvement of ecological system in municipality among the criteria of the financial equalization also. In general the results of the survey of financial equalization system in Latvian local municipalities are summarized and the article draws conclusions about the usefulness of the activities for the improvement of the municipality equalization project and gives suggestions for the further development of the system.
ACCESSION #
58738574

 

Related Articles

  • Possible Impact of Changes in Real Property Taxation. Aleknavičius, Audrius; Baumane, Vivita // Proceedings of the International Scientific Conference: Rural De;2011, Vol. 5 Issue 2, p378 

    The revenue from real property taxes in different countries varies a lot. This revenue is usually allocated to municipal budget. Improvement of real property taxation system, changes in taxable value or introduction of new real property tax can increase revenue from taxation and encourage...

  • PUBLIC SCHOOL FUNDING IN PENNSYLVANIA. McElroy, Barbara Woods; Whitman, Jeffrey P. // B>Quest;2010, p1 

    This case study is based on the following circumstances: Like 45 other states, in 2002, the state of Pennsylvania operated at a deficit. Edward Rendell was elected governor after promising to reduce real estate taxes and boost the state portion of public school funding. He proposed doing this by...

  • New tax revenue distribution between central government and units of local and regional self-government in Croatia. BAJO, ANTO; PRIMORAC, MARKO // Institut za Javne Financije -- Press Releases;12/5/2014, Issue 72, p1 

    The article presents a proposal submitted by the government of Croatia regarding amendment to a law on financing of units of regional and local self-government. Topics discussed include revenue distribution on the development index, change in status of hill and mountain areas (HMA) and areas of...

  • Harrisburg Mayor Sounds Budget Shortfall Alarm. Burton, Paul // Bond Buyer;9/9/2015, Vol. 1 Issue 34374, p17 

    The article reports that Mayor Eric Papenfuse of Harrisburg, Pennsylvania announced on September 7, 2015 that the city faces a revenue gap in 2016 of 6 million U.S. dollars less than what state receivers forecasted in its 2013 recovery plan. Topics include the revenue gap representing 10 percent...

  • California Seen Beating Budget Projections. Webster, Keeley // Bondbuyer.com;2/10/2015, p31 

    The article reveals that a report released on February 9, 2015 from the nonpartisan Legislative Analyst's Office (LAO) has found that general fund tax revenues are coming in one billion to two billion U.S. dollars above the projections in California Governor Jerry Brown's proposed budget. Topics...

  • Tax Tip. Egerton, Charles H.; Weingart, Christine L. // Journal of Passthrough Entities;Sep/Oct2011, Vol. 14 Issue 5, p47 

    The article offers information on transactional expenses in real property sector under the Code Section 1031 of Internal Revenue. It mentions that the Revenue Ruling 72-456 and the General Counsel Memoranda (34895) addressed the proper treatment of sales commissions concerning the like-kind...

  • Chicago Aldermen Approve Tax Hike for Public Safety Pensions; Economist says Residents will be Financially Burdened. Parish III, Norman // Chicago Citizen - South End Edition;11/4/2015, Vol. 48 Issue 40, p13 

    The article reports on the approval of tax increases for real property and new fees by the Chicago City Council in Illinois that will fund payment for police and fire pensions and school construction in October 2015.

  • Flat tax must not scrap mortgage deduction. Miller, John Wesley // Inside Tucson Business;10/9/95, Vol. 5 Issue 28, p10 

    Comments on proposed legislative changes affecting the real estate business. Payment of flat-taxes; Elimination of mortgage-interest deduction; Possible decline of property values.

  • MEDIDAS TRIBUTARIAS DENTRO DEL IRPF PARA LA REACTIVACI�N DEL MERCADO DEL ALQUILER DE VIVIENDA HABITUAL: �ESTAMOS EN EL BUEN CAMINO? Sorrosal, Sof�a Borgia; L�pez, M� �ngeles Fern�ndez; Mart�nez-Val, Pilar Navau // Nueva Fiscalidad;nov/dic2010, Issue 6, p25 

    The problem of the access to the housing, which already a wide sector of the population was facing, it has worsened with the current economic and financial crisis, by what there becomes more necessary the application of measures that favor the above mentioned access, giving response to the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics