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Tax revenues rise across OECD

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The OECD reports that tax revenues ‘continue bouncing back from the low levels reported in almost all countries during 2008 and 2009, at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication’. The average tax revenue to GDP ratio in OECD countries was 34.6% in 2012, compared with 34.1% in 2011 and 33.8% in 2010.

The 2012 data showed that the ratio of tax revenue to GDP rose in 21 of the 30 countries for which 2012 data was available, and fell in 9 countries. The number of countries with increasing and decreasing ratios was similar to that seen in 2011, indicating a continuing trend toward higher revenues. The largest increases in 2012 occurred in Hungary, Greece, Italy and New Zealand. The largest falls were in Israel, Portugal and the United Kingdom.

Issue: 1198
Categories: News , International taxes