INDEPENDENT NEWS

Tax Freedom Day not until June 1

Published: Thu 9 May 2019 10:28 AM
9 MAY 2019
FOR IMMEDIATE RELEASE
The premature celebration of 'Tax Freedom Day' by Baker Tilly Staples Rodway is just festive silliness says the New Zealand Taxpayers’ Union.
Reacting to coverage of 'Tax Freedom Day' Taxpayers’ Union Economist, Joe Ascroft says, “Staples Rodway’s calculations ignore the cost of debt-funded Government spending and revenue gathering that falls outside the tax system. Tax Freedom Day is in a few weeks' time: on Saturday 1 June.”
“OECD figures show that general government total outlays are equivalent to 41.573% of the economy. The implication is that until June 1, taxpayers are working for the Government – whether the Government is spending from their paycheque, or simply handing them a credit card already loaded up with debt.”
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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