Author : Organisation for Economic Co-operation and Development
Publisher : Org. for Economic Cooperation & Development
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.F/5 ( download)
Book Synopsis Encouraging Savings Through Tax-preferred Accounts by : Organisation for Economic Co-operation and Development
Download or read book Encouraging Savings Through Tax-preferred Accounts written by Organisation for Economic Co-operation and Development and published by Org. for Economic Cooperation & Development. This book was released on 2007 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: To boost their domestic saving rate, many OECD countries have introduced savings accounts that offer tax advantages, called tax-preferred saving accounts. This report describes and analyses various tax-preferred savings accounts, excluding pension-related accounts, in a cross-section of 11 OECD countries. Based on a comparison of results, the report then answers the following questions: (1) which income groups benefit the most from these accounts; (2) to what extent do these accounts generate additional savings; and (3) how much tax revenue is foregone due to these accounts. Based on the findings, the report also suggests measures on how to improve the effectiveness of tax-preferred savings accounts. For a complete list of titles that have been published in the Tax Policy Studies series, please see www.oecd.org/ctp/taxpolicystudies.