Germany
The German system of equalisation consists of three parts: (i) revenue-sharing of the Value Added Tax (VAT); (ii) Länderfinanzausgleich (LFA) or horizontal fiscal equalisation; and (iii) Bundesergänzungszuweisungen (BEZ).
Read more about this topic: Equalization Payments
Famous quotes containing the word germany:
“If my theory of relativity is proven correct, Germany will claim me as a German and France will declare that I am a citizen of the world. Should my theory prove untrue, France will say that I am a German and Germany will declare that I am a Jew.”
—Albert Einstein (1879–1955)
“By an application of the theory of relativity to the taste of readers, to-day in Germany I am called a German man of science, and in England I am represented as a Swiss Jew. If I come to be regarded as a bête noire the descriptions will be reversed, and I shall become a Swiss Jew for the Germans and a German man of science for the English!”
—Albert Einstein (1879–1955)