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%
Subscribe to our newsletter

Subscribe to our newsletter

Receive the latest US and NZ tax news, insights and updates every month.

Your subscription is now active. Look out for our next newsletter.