Local Future Tax Credits: Towards a tool for local government to finance itself and help adapt to the climate emergency.

Slater, M., Bendell, Jem and Cave, D. (2019) Local Future Tax Credits: Towards a tool for local government to finance itself and help adapt to the climate emergency. Institute for Leadership and Sustainability (IFLAS) Occasional Papers Volume 4. University of Cumbria, Ambleside, UK. (Unpublished)

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Abstract

Local governments across the world have been declaring climate
emergencies. Part of their response needs to be in attempting to adapt to the disruptions ahead. In an era of financial austerity leading to large cuts in local government budgets, new initiatives to empower them and their communities will be important. By incentivising citizens to pay taxes in advance, Local Future Tax Credits (LFTCs) may provide one way for Local Governments (LGs) to quickly increase cash flow without raising taxes, selling assets, speculating on property, or increasing commercial borrowing. As this paper is released in the hope of receiving constructive feedback, authors have pointed out several areas that would benefit from further research.

Item Type: Report
Publisher: University of Cumbria
Departments: Business
Depositing User: Christian Stretton
Date Deposited: 16 Mar 2020 09:50
Last Modified: 17 Mar 2020 07:04
URI: http://insight.cumbria.ac.uk/id/eprint/5467

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