TECHNICAL ROUND UP – OECD SAYS TAX BURDENS CONTINUE TO RISE
April 14th, 2015
TAXES on wages in developed countries within the Organisation for Economic Cooperation & Development (OECD) have risen by about 1% between 2010 and 2014 even though a majority of OECD governments did not increase statutory income tax rates. A new OECD report Taxing Wages 2015 said in 2014, the tax burden paid by average OECD workers increased 0.1% to 36%.The report said the highest average tax burdens for childless single workers earning the average wage in their country were in Belgium (55.6%), Austria (49.4%), Germany (49.3%) and Hungary (49.0%). The lowest ...
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