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- W2626854887 abstract "The financial crisis has had major repercussions for local and regional authorities in France, which provide 70 percent of public investment. It primarily had an impact on their resources, which have been stagnant at best and in some cases, have decreased; e.g., the Company Value Added Contribution (CVAE – Cotisation sur la Valeur Ajoutee des Entreprises) and certain funds allocated by the government. Moreover, as is the case with all economic stakeholders, they must deal with the credit crisis and are therefore struggling to finance their investments. Therefore, unless a quick recovery solution is found, local and regional authorities will have no other choice than to postpone or even cancel some of their investments. Alternatively, they could use their fiscal leverage and increase the taxes over which they still exercise control." @default.
- W2626854887 created "2017-06-23" @default.
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- W2626854887 date "2012-01-01" @default.
- W2626854887 modified "2023-09-26" @default.
- W2626854887 title "Financial Crisis and Local and Regional Authorities’ Resources" @default.
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