OECD REPORT
October 1st, 2003
Keith NuthallTAX collectors are raiding the developed world's economies for a diminishing slice of national incomes according to a Organisation for Economic Cooperation and Development (OECD) study. It says rich country public revenues commanded a smaller proportion of GDP on average last year, compared with 2001 (40.5 and 41 per cent respectively). Its latest Revenue Statistics bulletin said this was the second consecutive annual decline following a five year rise and could be explained by tax cuts and the global economic slowdown. Britain was one of seven ...
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