https://www.taxtmi.com/news?id=21225 Fiscal federalism requires strengthening intergovernmental fiscal institutions to ensure predictable and equitable resource flows: maintain continuity and change across Finance Commissions, consider a permanent lean Commission for interim guidance and implementation issues, and prioritise constitutionally mandated State Finance Commissions and devolution to local bodies. The GST Council exemplifies cooperative federalism through tax harmonisation but must also work to enhance tax to GDP performance and broader reform consensus. Cooperative federalism should be balanced with competitive federalism and underpinned by fiscal consolidation guided by a commonly agreed expenditure code. en-us Wed, 20 Mar 2019 10:11:06 +0530 Wed, 20 Mar 2019 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21225 Fiscal federalism requires strengthening intergovernmental fiscal institutions to ensure predictable and equitable resource flows: maintain continuity and change across Finance Commissions, consider a permanent lean Commission for interim guidance and implementation issues, and prioritise constitutionally mandated State Finance Commissions and devolution to local bodies. The GST Council exemplifies cooperative federalism through tax harmonisation but must also work to enhance tax to GDP performance and broader reform consensus. Cooperative federalism should be balanced with competitive federalism and underpinned by fiscal consolidation guided by a commonly agreed expenditure code. News - Wed, 20 Mar 2019 10:11:06 +0530 https://www.taxtmi.com/news?id=21225