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Slovakia's Surge: The New System's Impact On Fiscal Decentralization, Phillip J. Bryson, Gary C. Cornia
Slovakia's Surge: The New System's Impact On Fiscal Decentralization, Phillip J. Bryson, Gary C. Cornia
Faculty Publications
Slovakia's transition history long paralleled that of the Czech Republic, but the former adopted bold new reforms early in tis decade. This paper is a comparative treatment of fiscal decentralization since 1993 and more recent reforms of public administration, the two efforts representing the foundation of the New System. Czech experience is invoked simply to provide an appropriate benchmark for the evaluation of Slovakia's New System introduced in 2004, including the 19% "flat tax" and other striking measures in local public finance. The second focus of the paper is on the macro-economic impact of the New System. It is too …
The Property Tax In The Slovak Republic: Major Reforms And Striking Results, Phillip J. Bryson
The Property Tax In The Slovak Republic: Major Reforms And Striking Results, Phillip J. Bryson
Faculty Publications
This article is based on a presentation given on August 24, 2005, at the International Property Tax Institute’s 8th International Conference on Property Tax in Transition held in Prague, Czech Republic.
Fair Enough: Ethics And Entrepreneurship, Robert G. Crawford
Fair Enough: Ethics And Entrepreneurship, Robert G. Crawford
Faculty Publications
The "new" is presumptively something that ought to be but isn't. On what grounds should that something be permitted? In business, why are some things legal for sale - deemed moral - while other similar things are deemed illegal - or immoral? Is the ground of this approval process rational? Or is the ground for making such decisions just competing moral perspectives?
Determining Discount Rates For Valuing Properties In Distressed Industries, Hal B. Heaton
Determining Discount Rates For Valuing Properties In Distressed Industries, Hal B. Heaton
Faculty Publications
This study addresses the procedure for determining discount rates for properties in industries under stress. A simple example with fixed and variable costs, which could represent a company in any of these industries, is used to demonstrate the difficulties of using standard approaches for estimating cost of capital.