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 Germany is to become a colonising power, all I say is, “God speed her!” She becomes our ally and partner in the execution of the great purposes of Providence for the advantage of mankind.”
—W.E. (William Ewart)