Tax Freedom Day

The Tax Freedom Day has arrived! The last Tuesday was the first day when people have started to earn on their own and not for the State and needs of public finances.

According to the F. A. Hayek Foundation, total redistribution rate in Slovakia this year is 41.71% of gross domestic product.

The conclusion of Prague economic conference, organized on the occasion of THE TAX FREEDOM DAY 2013 with the support of Friedrich Naumann Foundation, was quite clear: “We have to beat rational ignorance of European voters.”

In May, the Lithuanian Tripartite Council debated Government-proposed amendments to the Labour Code that envisaged the first-ever thorough revision of employment regulation in Lithuania. The package contains proposals that would render labour relations more flexible to correspond to the real needs of the market and the existing reality. Supporting the Government’s proposals, we took part […]

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 […]

According to the Lithuanian Free Market Institute’s (LFMI) annual calculations, Tax Freedom Day in Lithuania has moved earlier in the calendar and will fall on May 20

20 April 2012 is the day when Bulgarians, figuratively speaking, stop working for the government and start working for themselves. This day is called Tax Freedom Day. In 2012 Bulgarians will need to work nearly four months only to pay their taxes and fees to the Government, thus reaching the budget’s revenue target for the […]