Abstract
Collection of local own source in a decentralized economy is a huge challenge for town administrations in developing countries. The resultant of which is poor service delivery and infrastructural management due to collapses of local economic conditions.In the light of worldwide developed and developing countries scenario this study comprehends the ideology of collection of local own source revenue in Town Municipal Administration Murree and its aftermaths on the local economy.This study has explored all the major sources of revenue in Town Municipal Administration Murree and has identified a clear relation and dependency of internal and external sources of revenue. The research determined that the Town Municipal Administration is mostly dependent on property taxes and financial grants from the provincial government to meet its needs. For unexplored local own source revenues introduction of the property tax in the form of capital gain tax and infrastructure development tax as a major part of the internal own source revenues. For external own source revenue compensation in the form of environmental degradation tax due to positive externalities of the areas tourism capacities should also be introduced. There is no collaboration in the public and private sector for reinforcement of the local economy. It has also been concluded that there is no integrated policy for taxation and revenue generation in the local government
Sidra Asif, Abdul Waheed, Malik Asghar Naeem. (2019) Exploring the Unexplored Local Own Source Revenue: A Case Study of TMA Murree, Jinnah Business Review, Volume 7, Issue 2.
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