IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-319-62671-0_4.html
   My bibliography  Save this book chapter

Summary and Way Forward

In: Property Tax in BRICS Megacities

Author

Listed:
  • Marco Salm

Abstract

“While the world has changed rapidly, the tax systems that support all levels of governments have largely stayed the same”. The quote from David Brunori (2003: 114) is largely right with regard to the overall BRICS tax systems, but not with regard to the property tax within the megacities. It seems as if there is a bottom-up movement originating from the megacities to adopt their own-tax system in order to meet their financial needs, which is expressed in property tax reforms across the megacities. These megacities are in particular facing changing economic and social environments. The megacities are in a state of constant flux—not only with regard to their population numbers, the quantity and quality of public amenities to be provided, and resulting complexity in service delivery, but also with regard to their property tax systems. In such a changing world, the fiscal framework provides megacities ideally with access to revenue sources that correspond with the powers and functions they are responsible for. Local public finance, more precisely, local public taxes, should link urban costs and benefits. However, finances often lag behind and have thereby a negative impact on the financial sustainability of municipalities, on the reliability and quality of municipal services, and municipalities’ contribution to supporting economic growth. In an urbanizing world, public finance is more important than ever before. Herewith, local tax systems, and especially property taxation, has to be in line with the changing local environment in order to offset the financial burdens megacities are facing. Therefore, reviewing the property tax systems in order to further evolve the local tax system is of urgent need.

Suggested Citation

  • Marco Salm, 2017. "Summary and Way Forward," Contributions to Economics, in: Property Tax in BRICS Megacities, chapter 0, pages 187-207, Springer.
  • Handle: RePEc:spr:conchp:978-3-319-62671-0_4
    DOI: 10.1007/978-3-319-62671-0_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-319-62671-0_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.