Last week, Canadian Fraser Institute released new rankings of economic freedom in the world which is measured by a tool called “Economic Freedom of the World Index”. The results, calculated and presented since 1996 with participation of Liberalni Institut and nowadays by Centre for Economic and Market Analyses, conclude that the Czech Republic is 52nd freest country in the world. The final score the Czech Republic reached is 7.25 out of the maximum value of…

taxfreedom

Tax Freedom Day that is calculated and promoted by Liberalni Institut every year in the Czech Republic, was celebrated on Saturday, 9th June 2012. This result indicates six-day improvement compared to the last year, i.e. the Czech taxpayers must work 160 days to cover expenditures of the general government. In 2011, the obligation was 165 days (one day difference is due to leap-year). Tax Freedom Day is an indicator that divides the year into two…