Wang, Xiao; Herd, Richard - Economics Department, Organisation de Coopération et … - 2013
sale of land-use rights and would, in general, improve the fiscal position of those local governments that already have …, though they have some non-tax revenue from fees, levies and penalties. They can also spend the profit from the sale of land-use … rights subject to central government restrictions. As the 1994 tax reform recentralised revenues and decision-making power …