tax wedge tagged posts

OECD Nation tax Burden Falling

May 12, 2010 New Zealand Taxation

Four more countries commit to OECD tax standardsThe Organization for Economic Cooperation and Development (OECD) recently published new data cataloging personal taxation burdens of tax payers in member nations. The release shows that New Zealanders are faced with one of the lowest overall tax burdens in the OECD.

On May 11th the OECD publicized its latest Taxing Wages data, an annual publication cataloging year-to-year changes in personal taxation burdens among member states. The data concentrates primarily on calculation of nations’ tax wedge levels. For a single earner with no children, New Zealand is shown to hold the second lowest total tax wedge in the OECD, at a level of 18.4 percent. Mexico is recorded to have the lowest tax wedge, at 15.3 percent. The OECD average tax wedge was shown to be nearly 36.4 percent...

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