Key Findings Property tax limitations have been adopted in forty-six states and the District of Columbia, though their designs and restrictiveness differ widely. [read post]

The asymmetries run beyond the usual problem of state subsidies to that of states being tempted to tilt markets in favor of SOEs (producing a sort of systemic corruption in markets driven systems) to issues of interference with sovereignty when SOEs serve as the apex enterprise in global production chains.[18] The legal status of SOEs varies from being a part of government to stock companies with a state as a regular stockholder.[19] But its purpose has remained constant—national… [read post]

Key Findings Carbon leakage occurs when a climate policy in one jurisdiction leads to emissions-producing activity simply shifting to a different jurisdiction. [read post]