Chennai, Aug. 7 -- The Tamil Nadu government on Friday will move a resolution in the Assembly, urging the Centre for equitable and fair devolution of taxes, invoking the principle of fiscal federalism.

Tamil Nadu Finance Minister N Marie Wilson will move the resolution asking the Centre to ensure that the State receives its due share of financial devolution from the taxes contributed to the Union Government, consistent with the constitutional principles of fiscal federalism, equity and fairness.

The resolution also urges the Centre to adopt a "transparent, objective and equitable methodology" for the devolution of central taxes that "appropriately recognises the contribution, fiscal effort, governance performance and developmental needs...