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Jul 28, 2021 · Using the tax-to-GDP ratio, we compare the tax systems of 35 OECD countries. See which nations have the highest and lowest rates.
- Carmen Ang
Among the top ten highest ratios of taxes to GDP, three are in Europe (Denmark, the United Kingdom, and Sweden ), three are in Africa (Seychelles, Lesotho, and Namibia ), and three are in the Pacific Islands/ Australia region (Nauru, Kiribati, and New Zealand ), with Barbados representing the Caribbean.
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Apr 4, 2024 · The International Tax Competitiveness Index ( ITCI) seeks to measure the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality. A competitive tax code is one that keeps marginal tax rates low.
In 2021, taxes at all levels of US government represented 27 percent of gross domestic product (GDP), compared with a weighted average of 34 percent for the other 37 member countries of the Organisation for Economic Co-operation and Development (OECD). Six OECD countries (Chile, Colombia, Costa Rica, Ireland, Mexico, and Türkiye) collected ...
Nov 9, 2023 · The five countries that fell the furthest in the rankings between 2014 and 2023 are: Chile, which ranked 20 th in 2014, and now ranks 35 th. Colombia, which ranked 24 th in 2014, and currently ranks 38 th. Poland, which ranked 23 rd in 2014, and is now at 33 rd. Belgium, which placed 18 th in 2014, and has now fallen to 27 th.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
(% of GDP) GDP (billions, PPP) Tax revenue (billions) Gov't expen-diture Public debt [citation needed] (% of GDP, nominal) Europe France: 46.2: $2,962.8 $1,368.81: 56.4: 98.6 Europe Denmark: 46.0: $301.3 $138.60: 51.7: 34.3 Europe Belgium: 44.6: $550.5 $245.52: 52.5: 101.4 Europe Sweden: 44.0: $542.0 $238.48: 49.7: 39.0 Europe Finland: 43.3 ...
