Local government fiscal competition includes expenditure competition and tax competition, whose theoretical basis is fiscal decentralization theory.

地方财政竞争包括支出竞争和税收竞争，其理论基础是财政分权理论。

youdao

Finally, figures close to the France government have murmured, euro-zone members should agree to some fiscal and social harmonization: e.g., curbing competition in corporate tax rates or labor costs.

最后，与法国政府关系密切的人士私下抱怨，认为欧元区成员国应该同意一些财政和社会协调：例如，抑制在企业税率或劳动力成本方面的竞争。

youdao

Germans see it as a way of imposing rules and rigour; the French want it to tame markets and excessive competition; euro-enthusiasts dream of fiscal federalism.

德国人视其为加强规则和严密性的方式；法国人希望它能抑制市场和过度竞争；欧元爱好者则做着财政联邦制的美梦。

youdao

More than 99 percent of my time on this issue is consumed by the difficult task of trying to convince policy makers that tax competition, fiscal sovereignty, and financial privacy should be celebrated rather than persecuted.

FORBES: Why Tax Havens Are A Force For Good

Qantas Chief Executive Alan Joyce said Friday he expects competition to remain fierce in the fiscal second-half ending June 30 as more seats are added, though the situation should improve through the next financial year.

WSJ: Qantas Sees Boost From Easing Price War

Any new fiscal rules need to allow for tax and labor-policy competition.

WSJ: Review & Outlook: Blame It on Berlin