OECD’s Annual Revenue Statistics – Global Tax

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%