Reviewing tax policy development in New Zealand: Lessons from a delicate balancing of law and politics'
Source: Australian Tax Forum Journal Article
Published Date: 1 Jul 2013
New Zealand is internationally recognised for its consultative and transparent tax policy process known as the Generic Tax Policy Process (GTPP). Instigated in 1994 following a review of New Zealand’s Inland Revenue Department (IRD) the GTPP has survived largfely intact. Its survival has not been made easy since its implementation is by a Cabinet directive without backing from legislation. The GTPP displays both adaptive and survivalist traits, evidenced through incorporating a move to a Mixed Member Proportional (MMP) electoral system in 1999, and returning after a partial suspension in 1999-2000 by the incoming government. Recently the GTPP has been complemented through policy input from several working groups set up to investigate aspects of fiscal policy, including taxation generally, savings and welfare. It has also come under further pressure during the Look Through Company (LTC) regime initiative. Thus, how has the GTPP ‘survived’ in a changing political climate? Why does it continue to receive support from tax practitioners and policymakers alike?
This paper sets out to provide some answers to such questions.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Already a Subscriber? Login now
Details
- Published By: Adrian J Sawyer
- Published On:1 Jul 2013
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page