Reports of Tax Freedom Day Premature
A media report suggesting that tomorrow is National Tax Freedom Day is premature according to the New Zealand Taxpayers’ Union.
“We are delighted that others have picked up our initiative from last year," says Taxpayers' Union spokesman Ben Craven. "Unfortunately this version by Staples Rodway doesn’t factor in local government nor public spending funded by borrowing.”
“Using the OECD measure gives a more accurate reflection on how long New Zealanders work for the government and allows for comparison with other countries. The current burden of government is 41.4% of GDP. For comparison Australia’s is only 36.1%.”
"This year tax freedom day is Sunday May 31, representing the 41.4% of the economy that is spent by the government. Last year’s tax freedom day was on June 4."