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A country's Tax Freedom Day is the point in the year when a nation has theoretically earned enough money to have paid off its taxes, meaning that all of the money earned after that date is yours to do with as you please. But which countries shake off the taxman the quickest? We compare how long it takes 29 countries to pay off their taxes based on figures from professional services network Deloitte, unless otherwise stated.
All calcuations are based on the average taxpayer for each country, meaning that the exact Tax Freedom Day for each person will vary.
Hannah Ward-Glenton
19 December 2019
Features
Like 5050vision’s comment, a similar survey which includes all taxes, NI, or whatever name they give compulsory spending as well as Health insurance (which is included in UK to be a fair comparison) would be an interesting read.
This article does not explain exactly what 'Tax' is. Some of the countries have a very different tax collection system and things like local authority rates (which are taxes) are gathered by the main government not local authorities. I would want to see the true tax burden of the UK taken into account, so include all of the taxation, including; income tax, rates, VAT, car tax, fuel tax, etc. not just income tax.
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20 February 2020