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What Bill Birch said about savings Our growth prospects in the future depend on better savings and more productive investment. In the past, household savings have been low and heavily focused on housing. The response to our recent public floats suggests the start of a welcome diversification. The Superannuation 2000 Taskforce will, among other things, examine the impact of superannuation on incentives to save. This Government is committed to providing a tax and expenditure system conducive, not only to saving, but to investing those savings where they generate the best return for New Zealand. We will continue to work to improve tax neutrality for savers across savings products. |
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