INDEPENDENT NEWS

Reports of Tax Freedom Day Premature

Published: Wed 6 May 2015 05:21 PM
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."
ENDS
New Zealand Taxpayers' Union
New Zealand's grassroots campaign for lower taxes and less government waste
The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
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