Lifting families’ incomes
DOI:
https://doi.org/10.26686/pq.v3i2.4220Keywords:
Working for Families, Tax Credits, personal income tax scale, main welfare benefits, New Zealand Institute of Economic Research (NZIER), Unemployment Benefit, Domestic Purposes BenefitAbstract
On 27 May 2004 the Minister of Social Development announced a number of tax-benefit reforms (collectively known as Working for Families), to be phased in by 1 April 2007 (Nolan, 2005). These reforms increased the generosity and lowered the clawback of the Family Tax Credit, established the In-Work Tax Credit, indexed the Working for Families Tax Credits to inflation, removed the child components of main welfare benefits, changed the assessment, generosity and abatement of the Accommodation Supplement, and increased the Childcare and OSCAR Subsidy rates.
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