Barnett, Richard; Barrow, Michael; Smith, Peter - In: Fiscal Studies 12 (1991) 3, pp. 30-46
Until 1989 local government in Great Britain was financed from two major sources: central government grants, and the local property tax, known as the rates. The rates were levied on most types of property, the basis for taxation being the notional rental value of the property. Although this...
