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FOREIGN-OWNED PROPERTY TAX
| FOREIGN-OWNED PROPERTY TAX | | | | | White Paper | Ministry of Finance, Trade and Investment, | 01/09/2017 | |
Taxes on property have both fiscal and non-fiscal effects. The revenue such taxes produce is
often seen as an important source of finance for Governments. The extent to which those
Governments have control over property taxes is thus often an important determinant of the
extent to which they are able to make autonomous expenditure decisions. The level, design,
and control of property taxation are thus, in many countries, critical elements in effective
decentralisation policy.
See also
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