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• Kwang-Yeol Yoo
• Alain de Serres

This paper provides, for all OECD countries, an estimate of the net tax cost per currency unit of contribution to a tax-favoured retirement savings plan, using a present-value methodology. The latter takes into account the future flows of revenues foregone on accrued income and of revenues collected on benefit withdrawals corresponding to a unit contribution made in a given year. The net tax cost is first calculated for nine (five-year) age groups, which have different relative income levels and investment time horizons, and is then averaged across age groups. In order to take into consideration the relevant country-specific features of savings taxation, the paper also provides an overview of the tax treatment of private pension arrangements and alternative savings vehicles. The results indicate that the size of tax subsidy varies significantly across countries, ranging from nearly 40 cents per unit of contribution (Czech Republic) to around zero (Mexico, New Zealand). Over half of ...

Traitement fiscal des pensions privées dans les pays de l’OCDE et le coût fiscal net par unité de contribution à un plan d’épargne retraite

Cette étude présente pour l’ensemble des pays de l’OCDE, une estimation du coût fiscal net (e.g. dollar ou euro) de contribution à un plan d’épargne retraite à traitement fiscal favorable, à partir d’une méthode de valeur présente. Cette dernière prend en compte les pertes futures de recettes fiscales découlant de la nontaxation des revenus d’intérêt ainsi que des recettes encaissées au moment de la perception des bénéfices par les détenteurs du plan de retraite. Le coût fiscal net est calculé pour neuf groupe d’âge (de cinq ans chacun), disposant de niveaux de revenus et d’horizons d’investissement différents. Le coût par groupe d’âge est ensuite aggrégé pour obtenir un coût moyen pour l’ensemble de la population. Les résultats indiquent que la valeur de l’incitatif fiscal varie de façon significative à travers les pays, passant de 40 cents par unité de contribution (République Tchèque) à près de zéro (Mexique, Nouvelle-Zélande). Plus de la moitié de pays de l’OCDE encourt ...

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Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 406.

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Date of creation: 14 Oct 2004
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Handle: RePEc:oec:ecoaaa:406-en

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Keywords: private pensions comprehensive income tax expenditure tax net tax cost revenue foregone method impôt sur le revenu dépense fiscale pension privée coût fiscal net

Find related papers by JEL classification:
E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
G23 - Financial Economics - - Financial Institutions and Services - - - Pension Funds; Other Private Financial Institutions
H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

This paper has been announced in the following NEP Reports:

• NEP-ACC-2005-08-13 (Accounting & Auditing)
• NEP-ALL-2005-08-13 (All new papers)
• NEP-FIN-2005-08-13 (Finance)
• NEP-MAC-2005-08-13 (Macroeconomics)
• NEP-PBE-2005-08-13 (Public Economics)
• NEP-PUB-2005-08-13 (Public Finance)

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