Inter-regional transfers and the induced under-taxation of economic rents
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Inter-regional transfers and the induced under-taxation of economic rents. Regional Studies. This paper shows that if taxes on economic rent are assigned to anticipatory first-moving regions and inter-regional transfers are mandated centrally, rents are under-taxed relative to optimal levels. This provides a possible explanation for low rent capture observed in Australia and Canada, two resource-rich federal economies that also have fiscal equalization transfers between regions.
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