Czech tax freedom day among earliest in Europe, institute says

Czechia ranks among the European countries with the earliest Tax Freedom Day, according to the Liberal Institute (Liberální institut). This year, the symbolic date falls on May 29, one day earlier than last year. The institute said the date marks the point when people theoretically stop earning money for the state through taxes and public spending and begin earning for themselves. Institute director Jakub Kuneš said public budget deficits still play a major role, adding eight extra days of work needed to finance the state.