New Zealand is listed as one of the heaviest taxing countries in the OECD’s annual revenue statistics report, which covers the OECD countries.
Of New Zealand’s tax revenues,
- 59.6% are collected from individuals and corporates, second only to Denmark (59%).
- 35.2% are collected from goods and services tax (GST), second only to Korea (37.1%).
- 5% is collected from property tax
- 0% is collected from social security levies.
Of the United States’ tax revenues,
- 38% are collected from individuals through tax on personal income, profits and gains.
- 10% is collected from corporates through tax on income and gains.
- 18% is collected from goods and services through sales tax.
- 12% is collected from property tax.
- 22% is collected through social security tax.
The OECD averages are:
- Personal income taxes including gains: 25%
- Corporate income taxes including gains: 9%
- Goods and services taxes: 33%
- Property taxes: 6%
- Social security taxes: 26%
- Payroll taxes: 1%