Whilst Australia newspapers are blaring the headline, "Australians flattened by biggest Tax Increase in World", if you look at the OECD figures released yesterday from its publication called, "Taxing Wages" (where that Aussie headline was sourced) it reveals a startling fact. Whilst Australia had the biggest increase in the tax wedge (i.e., the amount of taxes taken from your wage as a proportion of gross wages) for the average worker out of 40 developed countries (NZ is third highest) when it comes to families, NZ had the largest increase of all. If you look at column (4) in Table 2 below, the annual change in the 2022-23 year in the Family Tax Wedge in NZ was over 3%, with Poland second at 2.8%.
