IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
According to Eurostat, the public expenditure in Romania in 2009 was 40.4% of the Gross Domestic Product. This means nothing else but the fact that 40.4% of the wealth was spent by someone else, not by the people who actually produced it. On average, they could dispose only 59.6% of the results generated by their efforts. This implies that romanians worked 147 days for the state. Consequently, 28th of May is the Tax Freedom Day for the Romanian taxpayers.
To make a comparision in 2010 the Tax Freedom Day in the USA was in April 09, in the UK - the 30th of May, in China - the 1rst of June and in France it will be in the middle of July.
The Tax Freedom Day in Romania is celebrated by the Independent Center for Studies in Economics and Law.
Tax Freedom Day in 2009
|Czech Republic||June 13|