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Fiscal federalism

NARROWER TERMS
Working paper

Optimal fiscal equalisation and its application to Australia: updated

The first part of this paper develops a theoretical model of fiscal equalisation to derive an optimal equalisation formula that has general applicability for federations. If vertical equity is achieved by the central government and horizontal equity by interstate migration, the welfare-maximising role of fiscal...
Working paper

Present state of goods and services tax (GST) reform in India

To remove cascading effect of taxes and provide a common nation-wide market for goods and services, India is moving towards introduction of Goods and Services Tax (GST). Under the proposed indirect tax reform both Central and State Governments will have concurrent taxation power to levy...
Report

Fiscal challenges for Australia

Australia is set for more than a decade of deficits between 2008 and 2019, but the reality may be even worse than projections, argues this report.