Tax revenue

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Average tax revenue rose to 34.1% of GDP last year in the OECD, a club mostly of rich countries, the highest tax take since 2007. During the financial crisis in 2009 the tax-to-GDP ratio fell to a low of 32.7%. Turkey has seen the biggest increase—5.2 percentage points since 2007, thanks largely to higher revenues from taxes on goods and services and social-security contributions. But its tax take still amounts to less than a third of its GDP. Over the same period, France’s tax burden has risen by 2.7 percentage points, to a hefty 45% of GDP. That is second only to Denmark (48.6%). Mexico has the lowest tax take in the OECD, with revenues equivalent to less than a fifth of its GDP.

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Published: 

20141213

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The Economist Newspaper

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Link to article: www.economist.com/news/economic-and-financial-indicators/21636056-tax-revenue?fsrc=rss

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