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What is happening to tax policy in New Zealand and is it sensible?

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  • Gemmell, Norman

Abstract

This paper reviews two recent changes to tax policy settings in New Zealand: an increase in the top income tax rate and a ‘housing package’. It argues that both represent ad hoc responses without a coherent strategy. Further, government officials’ policy assessments confirm these were progressed unduly rapidly, based on limited analysis, and against official advice on the most suitable option to deliver on the government’s own objectives. This is likely to result in policy outcomes falling well short of objectives, and potentially serious unintended consequences. Coherence of the tax system in particular is at risk.

Suggested Citation

  • Gemmell, Norman, 2021. "What is happening to tax policy in New Zealand and is it sensible?," Working Paper Series 21110, Victoria University of Wellington, Chair in Public Finance.
    • Handle: RePEc:vuw:vuwcpf:21110
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    File URL: https://ir.wgtn.ac.nz/handle/123456789/21110
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    References listed on IDEAS

    as
    1. Eric Hutton, 2017. "The Revenue Administration–Gap Analysis Program; Model and Methodology for Value-Added Tax Gap Estimation," IMF Technical Notes and Manuals 17/04, International Monetary Fund.
    2. Mr. Eric Hutton, 2017. "The Revenue Administration–Gap Analysis Program: Model and Methodology for Value-Added Tax Gap Estimation," IMF Technical Notes and Manuals 2017/004, International Monetary Fund.
    3. repec:bla:ausecr:v:37:y:2004:i:4:p:454-464 is not listed on IDEAS
    4. Elizabeth Kendall, 2016. "New Zealand house prices: a historical perspective," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 79, pages 1-14, January.
    Full references (including those not matched with items on IDEAS)

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