1.An Abstract
This week’s reading material emphasizethe importance of fiscal decentralization.
In this case analysis we will focus on problems which hinder the progression of fiscal decentralization.
So we chose the case of house acqusition tax reduction which threatens fiscal decentralization and local autonomy.
And to help student’s understanding, we briefly introduce the current
Ⅰ. Introduction
It is 16th years after sublicensed local autonomy. For maximizing citizen participation, decentralization, and localtax revenue which are considered as local autonomy, each governments have reformed organization and many powers for autonomy used to be shifted local government.
But in spite of these effort of decentralization at the government level, If local government fa
tax rate in Hungary (about 18%) is one of the lowest one in Europe. Moreover, according to the entry of Hungary to European Union on May 2004, Hungary wants to strengthen the competitiveness against other Eastern European countries, so it will lower the corporate tax by 2% in the next year. If this happens, the corporate tax will be the second lowest one in European Union. Also, localtax imposed
local or foreign individual wishing to incorporate a company can efficiently conduct business without red tape and bureaucratic delays. Singapore is also renowned for its extremely low corruption levels within the government and it system.
Creating a pro-business environment with favourable tax laws and funding offers for business ventures has seen consistently ranked Singapore as one of the be
local knowledge of the highly fragmented Mainland market, foreign players have yet established significant presence in the mass market and in second- and third-tier cities.
Sources of products
Foreign cosmetic products sold on the Mainland can be basically classified into three types: imported, self-manufactured by foreign brand owners and produced by local OEM factories. The imported goods are