ECONOMY - FINANCE - BUSINESS / Taxation

Tax Foundation recommends that policymakers in OECD countries encourage private pension saving by low and middle income households

Brussels, 23/02/2024 (Agence Europe)

Policymakers in the countries of the Organisation for Economic Co-operation and Development (OECD) could simplify the tax system and encourage savings, with the aim of strengthening the financial security of low- and middle-income households, according to the Tax Foundation think tank in its latest study, published on Thursday 22 February.

To encourage long-term retirement savings, countries generally grant tax advantages to private retirement accounts. They generally provide tax exemption...