However, Mr Balls called on the government to go further and introduce an immediate cut in business rates for small companies, and for control of revenue from a growth in business rates to be devolved to all city and council regions.
Administrative decentralisation transfers the administration and delivery of public services from central to local governments, while fiscal decentralisation is designed to increase local government control of revenue.
In the league's view, the deal that Anschutz was proposing was doubly flawed: not only was he trying to get a share of a team at a discount but he wanted a landlord-tenant relationship that, in its control of revenues, amounted to a kind of asset-stripping.
Applying objective principles of fiscal justice and administrative rationalization, the new method of registering the ownership and value of property not only revamped Milan's fiscal system but also improved agriculture, increased productivity, and centralized control of revenues in impartial hands.
Maricopa County, Ariz., pollution control, $144 million of revenue bonds for Southern California Edison.
Paine Webber Inc. Maricopa County, Arizona Pollution Control, $144 million of revenue bonds for southern california edison.
One result: just eight business groups control 85percentt of revenue from Russia's 64 biggest private companies.
One result has been a concentration of Russia's wealth: just eight business groups control 85percentt of revenue from Russia's 64 biggest private companies, according to a recent report by Peter Boone and Denis Rodionov, economists at the Moscow-based subsidiary of UBS Warburg, a Swiss investment bank.
Shares of Caterpillar, which is, to be sure, in a different business (construction machinery as well as diesels), trade at one times sales; Cummins shares go for one-third of sales — when you buy one you control $163 of revenue.
Fighting soon broke out over control of trade revenue and other matters.
Baghdad's control of oil revenue made this tempting, but the payback has now come.
