News

Cullen puts a price on TET

Wednesday 7th of March 2001

The Government will forgo about $500 million a year in revenue if it chooses to provide tax incentives for private savings.

Finance minister Michael Cullen told the International Fiscal Association conference in Christchurch last week that he is keen to move to a taxed-exempt-taxed (TET) model for retirement savings.

"My preference a...

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