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
Contact New Zealand Taxpayers' Union
Website:
Twitter:
Facebook:
Media Contact:
Media line (24-hr) 04 282 0302

Next in New Zealand politics

RNZ Live Updates: SkyCity fire day three
By: RNZ
Greens ensure vital human rights in new anti-terrorism law
By: Green Party
Gordon Campbell on Simon Bridges and political correctness
By: Gordon Campbell
Police Commissioner announces independent review
By: New Zealand Police
PM's Post-Cab: Now We Are Two
By: The Scoop Team
Revamp of guidelines for meth sentencing welcomed
By: NZ Bar Association
Armed police patrols will cause American-style shootings
By: People Against Prisons Aotearoa
Amnesty Int calls on Gov not to rush Terrorism Bill
By: Amnesty International
Live: SkyCity fire brings Auckland CBD to a halt
By: RNZ
'No question': APEC will be in Auckland, despite fire - PM
By: RNZ
SkyCity fire still burning, PM to visit today
By: RNZ
SkyCity fire 'absolutely devastating', CEO says
By: RNZ
Update - fire in Auckland CBD
By: New Zealand Police
Fire incident - Auckland CBD
By: New Zealand Police
SkyCity fire - Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media