Farewell to tax neutrality: the implications for an aging population

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dc.contributor.author St John, S en
dc.date.accessioned 2012-03-25T22:10:01Z en
dc.date.issued 2007 en
dc.identifier.citation The Economic and Labour Relations Review 18(1):27-52 2007 en
dc.identifier.issn 1035-3046 en
dc.identifier.uri http://hdl.handle.net/2292/15247 en
dc.description.abstract In the light of the financial consequences of longevity, the potential for widening living standards as the population ages, and the perception of an increased burden by the working age population, recent policy changes in New Zealand appear far from ideal. For nearly twenty years, the retirement system has comprised just a universal state pension, called New Zealand Superannuation, and voluntary unsubsidised private saving. The decision in the late 1980s to promote tax neutrality for saving was critical to attaining a cost-effective, adequate, equitable and sustainable retirement income for all in an uncertain future. Nevertheless, a level playing field was only partially achieved and by the early 2000s large imbalances in the economy were apparent. Strident calls to promote saving gradually undermined the accord around tax neutrality for retirement saving leading in 2007 to the reintroduction of tax incentives for certain types of saving, and other types of state intervention in private provision. This paper examines how the twenty year experiment with tax neutrality is coming to an end and the implications this has for the support of an aging population experiencing increased longevity. en
dc.publisher University of New South Wales Centre for Applied Economic Research en
dc.relation.ispartofseries Economic and Labour Relations Review en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title Farewell to tax neutrality: the implications for an aging population en
dc.type Journal Article en
pubs.issue 1 en
pubs.begin-page 27 en
pubs.volume 18 en
dc.rights.holder Copyright: University of New South Wales Centre for Applied Economic Research en
pubs.author-url http://go.galegroup.com/ps/retrieve.do?sgHitCountType=None&sort=DA-SORT&inPS=true&prodId=AONE&userGroupName=learn&tabID=T002&searchId=R2&resultListType=RESULT_LIST&contentSegment=&searchType=AdvancedSearchForm&currentPosition=1&contentSet=GALE%7CA201212647&&docId=GALE%7CA201212647&docType=GALE&role= en
pubs.end-page 52 en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Article en
pubs.elements-id 77869 en
pubs.org-id Business and Economics en
pubs.org-id Faculty of Bus. & Eco Admin en
pubs.org-id Faculty of Bus. & Eco Admin en
pubs.record-created-at-source-date 2010-09-01 en

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