Helping economies in transition
The Lincoln Institute's Valuation and Taxation Department conducted a week-long course in Slovenia last month, "Market Value-Based Taxation of Real Property: Lessons from International Experience," for public officials from Eastern European countries. An international faculty of experts from Estonia, Poland and Northern Ireland joined Institute fellows Joan Youngman, Jane Malme, and Sally Powers to explore the benefits and challenges of market value-based property taxes and to consider strategies for their successful implementation. Course participants included public officials from six countries, Bosnia and Herzegovina, Croatia, the Czech Republic, Kosovo, Serbia, and Slovenia. The course, which addresses the fiscal, legal, poitical, social and administrative issues facing countries in economic transition that are considering or have introduced value-based taxation, was held at the Center of Excellence in Finance in Ljubljana, Slovenia. The center was established in 2001 to provide training, research, and assistance to regional officials dealing with public financial management and central banking, and to allow them to work with international experts in these fields.