Centre for Tax Policy and Administration

Taxation of Household Savings

In series:OECD Tax Policy Studiesview more titles

Published on April 12, 2018

book

This report provides a detailed review of the taxation of household savings in 40 OECD and partner countries. It examines the different approaches that countries take to taxing household savings, and calculates marginal effective tax rates on a wide range of savings vehicles (including bank accounts, bonds, shares, private pensions and housing) to assess the impact of these approaches on savings behaviour. It examines asset holdings across income and wealth distributions to help assess the distributional impact of savings taxation, and discusses recent changes in the exchange of information for tax purposes between tax administrations. It also draws out a range of implications from this analysis for savings tax policy as part of an inclusive growth tax agenda.

TABLE OF CONTENTS

Foreword
Executive summary
Introduction
How countries tax savings
Marginal effective tax rates on household savings
The distribution of asset holdings
International aspects of the taxation of household savings
Conclusions and policy options
Annexes3 chapters available
Methodology for calculating marginal effective tax rates on household savings
Additional marginal effective tax rate results
Financial institutions, financial accounts, and the common reporting standard
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Press release & summary

 

country findings

| Argentina | Australia | Austria | Belgium | Bulgaria | Canada | Chile | ColombiaCzech Republic | Denmark | Estonia | Finland | France | Germany | Greece | Hungary | Iceland | Ireland | Israel | Italy | Japan | KoreaLatviaLithuania | Luxembourg | Mexico | Netherlands | New Zealand | Norway | Poland | Portugal | Slovak Republic | Slovenia | South AfricaSpain | Sweden | Switzerland | Turkey | United Kingdom | United States |

webinar  

Replay

Presentation

Taxes are among the most effective tools governments have for reducing inequalities and bringing about more inclusive growth. Two new OECD reports – Taxation of Household Savings and The Role and Design of Net Wealth Taxes - assess how governments are using the taxation of personal savings and wealth and offer recommendations for more effective and more efficient tax policy.

OECD’s head of Tax Policy and Statistics David Bradbury, Senior Tax Economist Alastair Thomas and Tax Economist Sarah Perret discussed the key findings and answered questions in a live webinar on 12 April 2018.

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