Open AccessUn-constitutionality of real property taxation and location incentives, and some associated economic effects
Author(s) -
Michael I. C. Nwogugu
Publication year - 2008
Publication title -
corporate ownership and control
Language(s) - English
Resource type - Journals
eISSN - 1810-0368
pISSN - 1727-9232
DOI - 10.22495/cocv5i3c3p6
Subject(s) - constitutionality , incentive , property tax , public economics , law and economics , economics , business , state (computer science) , property (philosophy) , tax incentive , microeconomics , tax reform , law , constitution , political science , philosophy , epistemology , algorithm , computer science
This article shows that the present regime of real property taxation and location incentives are inherently unconstitutional. The analysis in this article pertains to US state/local laws/regulations governing tax assessment, tax collection, tax foreclosures and incentives offered to firms to relocate to states (although much of it is applicable in most common law jurisdictions