Tax freedom day to come relatively early this year

So-called tax freedom day will come in the Czech Republic on May 29 this year, according to the calculations of the Liberal Institute think tank. It will be the earliest instance of the day of the year on which Czechs have theoretically earned enough income to pay their taxes since the year 2000. The Liberal Institute attributed this to the growth of the Czech economy. Its director, Dominik Stroukal, said that more tax will be collected this year than in 2016 but said fortunately production had been faster.

Author: Ian Willoughby