delete RULES FOR THE CALCULATION OF NON-DOMESTIC RATING CONTRIBUTIONS
This regulation creates a centrally-managed business rate pooling system that redistributes revenues between local authorities, equalizing funding regardless of local business success.
It distorts market signals by decoupling local government revenue from local economic performance, reduces competition between jurisdictions, creates moral hazard, and imposes administrative costs to achieve political redistribution goals that could be handled through voluntary agreements or not at all.