In assessing the desirability for tax decentralization reforms, a dilemma between efficiency and redistribution emerges. By limiting the ability of the central government to redistribute resources towards regions in financial needs, decentralization curbs incentives for excessive subnational...

In assessing the desirability for tax decentralization reforms, a dilemma between efficiency and redistribution emerges. By limiting the ability of the central government to redistribute resources towards regions in financial needs, decentralization curbs incentives for excessive subnational...

OECD's comprehensive territorial review of Melbourne, Australia's second largest city, most important container port, and leading cultural and educational centre. It finds that Melbourne is poised for a major phase in its growth, but that it faces a number of challenges.