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:
“It is the emotions to which one objects in Germany most of all.”
—Franz Grillparzer (1791–1872)
“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)