Pan-European Tax Burden Rising Tax Liberation Day Receding

As Europe’s voters consider their choices here’s a list of their tax freedom days. Brits only stop working to pay for the welfare state next Monday:

tax-liberation-day
Typical workers across the EU saw their average real tax rate rise again this year, from 45.06% in 2013 to 45.27% in 2014. The rise of 1.28% since 2010 is largely a consequence of VAT increases in 19 of the 28 EU member states since 2009. This EU-wide study uses a consistent methodology to calculate how long people have to work in 28 EU member countries before they can keep their earnings and stop paying the state. Cypriot workers have the lightest burden, working until 21 March to finance their government. Belgians, who work until August 6, maintain their position as the worst afflicted. It is a noticeable coincidence that the four lowest tax countries have benefited from British rule… 




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Quote of the Day

Heather Wheeler talks to Burton Mail about her tweet…

“It was a tongue in cheek pop after the European Parliament tweet – it was purely that. I also wanted to congratulate Team GB on a brilliant result and thirdly congratulate the Commonwealth countries who also did very well. Fourth, I am also looking forwarded to establishing new trade agreements. That was it – nothing more. Let’s just enjoy the summer!”

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