13 December 2016 New OECD data shows growing global tax burden and continued government focus on consumption taxes The Organisation for Economic Co-operation and Development (OECD) released two new reports on November 30: Revenue Statistics 20161 and Consumption Tax Trends 20162 (the reports). Providing detailed analysis of how much tax revenue each country generates from different types of taxation, these reports have been consistently published since 1999, providing a key source of comparative information. Both reports provide data for the year 2014, alongside 2015 revenue projections. The reports show that the OECD average tax-to-gross domestic product (GDP) ratio was broadly constant, rising by 0.1 percentage point, to 34.3% in 2015, compared to 34.2% in 2014. This is the highest level since the OECD began tracking these data in 1965. Beyond the aggregation, 25 countries saw an increase, while seven saw a reduction. Document ID: 2016-2123 |
