International Tax Reviews and New Zealands Tax Working Group: What - PowerPoint PPT Presentation

Welcom e to Victoria Business School International Tax Reviews and New Zealand’s Tax Working Group: What can we learn? Professor Alan Auerbach Professor of Economics and Law at the University of California, Berkeley, 2013 Robin Oliver Scholarship Visiting Lecturer in Tax Policy

International Tax Reviews and New Zealand’s TWG: What Can We Learn? Alan J. Auerbach University of California, Berkeley March 2013

Composition and Scope

Tax Structure versus Tax Revenues

Tax Structure versus Tax Revenues

Objectives of Tax Reform

Mirrlees 1. Distributional fairness (i.e., progressivity) 2. Efficiency 3. Minimize administrative & compliance costs 4. Fairness (procedural; lack of arbitrariness) 5. Transparency

Henry 1. Equity (horizontal and vertical) 2. Efficiency 3. Simplicity 4. Sustainability 5. Policy consistency

TWG 1. Efficiency and growth 2. Equity and fairness 3. Revenue integrity 4. Fiscal cost 5. Minimize compliance and administrative cost 6. Coherence

Objectives of Tax Reform

Choice of Tax Base: Capital Income, Labor Income, Consumption

Corporate Taxation

Corporate Taxation: Alignment

Corporate Taxation: International

Wealth Transfer Taxes

Taxing Economic Rents

Low Income Benefits

Low Income Benefits

Environmental Taxation

Reform of Institutions

Implications for New Zealand

Welcom e to Victoria Business School International Tax Reviews and New Zealand’s Tax Working Group: What can we learn? Professor Alan Auerbach Professor of Economics and Law at the University of California, Berkeley, 2013 Robin Oliver Scholarship Visiting Lecturer in Tax Policy