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Tax Freedom Day arrives in Croatia

ZAGREB, June 15 (Hina) - As of Thursday Croatian workers are working for themselves, until 15 June they have been working to pay taxes to the state, the independent association Adriatic Institute said in Zagreb, declaring the arrival of the so-called Tax Freedom Day.
ZAGREB, June 15 (Hina) - As of Thursday Croatian workers are working for themselves, until 15 June they have been working to pay taxes to the state, the independent association Adriatic Institute said in Zagreb, declaring the arrival of the so-called Tax Freedom Day.

Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to pay its annual tax burden. It is calculated annually. Every kuna that is officially considered income by the Croatian government is counted, and every payment to the Croatian government that is officially considered a tax is counted. Taxes at all levels of government - local and state - are included.

Adriatic Institute for Public Policy, founded on September 6, 2004, is Croatia"s first independent free market think tank which is dedicated to providing ideas and practical solutions which make societies and economies prosper. The mission is to advance and promote free market economy, limited government, reduced taxation, eliminating corruption, rule of law, protection of property rights, individual freedom with personal responsibility

Tax Freedom Day arrived in New Zealand this year on 27 April, in Ireland on 9 May, in Switzerland on 14 May and in Slovakia on 1 June.

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