Institute on Municipal Finance and Governance releases three new research publications
Toronto, March 19, 2012 – The Institute on Municipal Finance and Governance at the University of Toronto has released three new research papers by leading scholars on municipal finance, the latest in its ongoing series of publications intended to inform debate on important issues in large cities and city-regions.
The three new titles, numbers 6 to 8 in the series, focus on international studies of local finance and governance. They are available as short booklets from IMFG and posted on the Institute’s website.
6. Subnational Taxation in Large Emerging Countries: BRIC Plus One, by Richard M. Bird
Bird, a senior fellow at the Institute, reviews the evolution and current state of subnational taxation in five large emerging countries: Brazil, Russia, India, China, and Nigeria—BRIC plus one.
7. You Get What You Pay For: How Nordic Cities Are Financed, by Jorgen Lotz
Lotz, a Danish economist, describes taxation and expenditure patterns by Nordic local authorities, which deliver many national public welfare services, and rely largely on income taxes and intergovernmental transfers to pay for them.
8. Property Tax Reform in Vietnam: A Work in Progress, by Hong-Loan Trinh and William McCluskey
In the transition from a centralized, subsidized economy to one based on market principles, Vietnam has started to establish property rights. With this change, focus has shifted to reforming the real property tax from a tax largely based on rice productivity to one based on ad valorem principles.
The Institute on Municipal Finance and Governance (IMFG) at the Munk School of Global Affairs at the University of Toronto focuses on developing solutions to the fiscal and governance problems facing large cities and city-regions. IMFG is funded by the Province of Ontario, the City of Toronto, Avana Capital, and TD Bank.
The IMFG Papers on Municipal Finance and Governance are designed to disseminate research being undertaken in academic circles in Canada and abroad on municipal finance and governance issues. The series includes papers by local researchers and graduate students as well as international scholars.
For more information, please contact:
Director, Institute on Municipal Finance and Governance
University of Toronto
Munk School of Global Affairs
1 Devonshire Place, Room 304N
Toronto, ON M5S 3K7