Issue date: 
Thursday, 20 September 2018
Version note: 

Prepared by Inland Revenue and the Treasury for the Tax Working Group and dated 6 July 2018.

Other papers from this meeting: Meeting 13: 6 July 2018.

Other papers on this theme: Other.

The attached paper is intended to help the Group decide whether it wishes to make recommendations on corrective taxes.
The paper provides:
· An outline of the theoretical framework for applying corrective taxes.
· An overview of current policy settings in New Zealand for taxes on alcohol and tobacco products, and of settings in certain other countries for taxes on sugar products.
· An assessment of the impact of these taxes against the standard tax principles of efficiency, equity, and compliance and administration costs; and a broader living standards assessment of their effectiveness in meeting wider societal objectives.

Last updated: 
Monday, 17 September 2018