OECD TAX BURDENS CONTINUE TO RISE
September 1st, 2014
THE AVERAGE tax burden in the developed countries of the Organisation for Economic Cooperation & Development (OECD) have continued to rise, up 0.4% in 2013, to 34.1% of GDP, compared with 33.7% in 2012 and 33.3% in 2011. A new OECD report said the largest 2013 increases were in Portugal, Turkey, Slovakia, Finland, and Denmark, which has the highest tax-to-GDP ratio among OECD countries - 48.6%, followed by France, 45%, and Belgium, 44.6%. The largest falls were in Norway, New Zealand and Chile, which has one of the lowest OECD tax-to-GDP ratios – 20.2%, ...
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