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:
“We are fighting in the quarrel of civilization against barbarism, of liberty against tyranny. Germany has become a menace to the whole world. She is the most dangerous enemy of liberty now existing.”
—Theodore Roosevelt (1858–1919)
“The tears I have cried over Germany have dried. I have washed my face.”
—Marlene Dietrich (1904–1992)