NZ income tax rate second lowest among developed nations at less than half OECD average

Tue, 11 Apr 2017

By Paul McBeth April 12 (BusinessDesk) - New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. The OECD's 2017 'Taxing Wages' report shows New Zealand's average tax wedge - a percentage of the total tax on wages paid by employees and employers minus family benefits - was 17.9 percent last year, second only to Chile's 7 percent across the 35 developed nations and less than half t...

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