In at least some respects, the pensions "problem" is a reflection of a country's profile and history. To set this paper in perspective, Table 1 shows New Zealand at a glance. It both explains New ...Zealand and summarises what this paper defines as the "New Zealand Way" (definitions on page 3). insurt Table 1 In summary, New Zealand is relatively young (for a developed country); the cost to taxpayers of pensions (both public and private) is relatively low and, although that cost is expected to about double in the next 45 years, is less than what many developed countries pay now in total (including the cost of tax incentives for private provision). New Zealanders are at present neither forced, nor encouraged through tax incentives, to save privately for retirement.
In at least some respects, the pensions "problem" is a reflection of a country's profile and history. To set this paper in perspective, Table 1 shows New Zealand at a glance. It both explains New ...Zealand and summarises what this paper defines as the "New Zealand Way" (definitions on page 3). insurt Table 1 In summary, New Zealand is relatively young (for a developed country); the cost to taxpayers of pensions (both public and private) is relatively low and, although that cost is expected to about double in the next 45 years, is less than what many developed countries pay now in total (including the cost of tax incentives for private provision). New Zealanders are at present neither forced, nor encouraged through tax incentives, to save privately for retirement.
As a way of promoting their economic growth, many developing countries - and most developed countries - offer tax incentives of one kind or another to foreign investors. But, since 1996, the OECD has ...been engaged on a campaign to stop developing countries from doing this. Michael Littlewood examines the OECD's campaign, and looks at some of the questions it raises.
