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:
“The tears I have cried over Germany have dried. I have washed my face.”
—Marlene Dietrich (1904–1992)
“It is the emotions to which one objects in Germany most of all.”
—Franz Grillparzer (1791–1872)