Data are included from 1965 onwards for Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States; from 1972 for Korea; from 1980 for Mexico; from 1990 for Chile; from 1991 for Hungary and Poland; from 1993 for the Czech Republic and from 1995 for Estonia, Israel, Latvia, Lithuania, the Slovak Republic and Slovenia. The OECD average conceals the great variety in national tax-to-GDP ratios. The effective VAT rate is much lower than the statutory rate for each country because of exclusions in the tax base. The GDP figures are based on the OECD Annual National Accounts (ANA – SNA) for the thirty-two OECD countries where the reporting year is the actual calendar year. The United States had the highest share of property tax revenues in 2017 (16.0% of total revenues), although this was due to the one-off deemed repatriation tax which is recorded in 2017.5 Australia, Canada, the United Kingdom and Korea also had property tax revenues that amounted to more than 10% of total tax revenues. Approval was partially successful, following selected items could not be processed due to error, South Georgia and the South Sandwich Islands, www.gov.uk/government/statistics/corporation-tax-statistics-2019, https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/833371/Aug19_Receipts_NS_Bulletin_Final.odt. The OECD calculates the tax burden by adding together the income tax payment, employee-side payroll tax payment, and employer-side payroll tax payment of a worker earning the average wage in a country. These countries tend to have relatively low personal income tax revenues and high revenues from social security contributions, but this impact is observed in the post 1990 data only. Consumption Tax Trends provides information on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries. Between 1975 and 2017 there have been shifts to local government of 5 percentage points or more in five countries – France, Iceland, Italy, Korea, Portugal and Sweden and a smaller increase in the Netherlands. The data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. Chapter 1 provides information on trends in tax revenues in OECD countries from 1965 to 2018, including changes in tax-to-GDP ratios, tax structures, taxes by level of government and non-wastable tax credits. The eighth edition of the OECD's Tax Administration Series, this report provides internationally comparative data on aspects of tax systems and their . [8],[9] We first calculate the tax-inclusive VAT rate, which is VAT rate/(1 + VAT rate). Taxes on personal and corporate incomes remain the most important source of revenues used to finance public spending in 18 OECD countries, and in nine of them – Australia, Canada, Denmark, Iceland, Ireland, Mexico, New Zealand, Switzerland and the United States – the share of income taxes in the tax mix in 2017 exceeded 40%. h��X[O�J�+��h���� ��M�{Br����0Z�A�� �~��n{��J�"N{�������9)��F �F-T��Ў歰�bt"X�O2�HRc�BIM� /3V [3] Scott A. Hodge and Bryan Hickman, “The Importance of the Tax Wedge on Labor in Evaluating Tax Systems,” Tax Foundation, 2018, https://files.taxfoundation.org/20180913095728/Global-Primer_tax_wedge.pdf. Social security contributions paid to social security funds are excluded. ← 2. The amount of income tax paid typically also depends on whether the taxpayer is filing as single or as family, as most countries allow for some targeted tax relief for families with children. She holds a BS in Economics from Ludwig Maximilian University of Munich. These guidelines are discussed in the special feature S.1 in the 2011 edition of OECD Revenue Statistics. ← 7. In all of these countries, GDP growth was positive, although to a lesser degree than tax revenue growth. Data and research on tax including income tax, consumption tax, dispute resolution, tax avoidance, BEPS, tax havens, fiscal federalism, tax administration, tax treaties and transfer pricing., Data on government sector receipts, and on taxes in particular, are basic inputs to most structural economic descriptions and economic analyses and are increasingly used in economic comparisons. This section discusses the relative share of tax revenues attributed to the various sub-sectors of general government in 2017. Buy +/-/ 1000. The total tax revenue has been reduced by the amount of any capital transfer that represents uncollected taxes. In 2018, the average tax wedge of the 27 countries covered in this Europe map was 40.2 percent for a single worker without children, compared to the OECD average of 36.1 percent. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. Over a longer timeframe, the OECD average tax-to-GDP ratio was higher in 2018 than in 2008, when it was 32.9% of GDP on average. The database provides the largest source of comparable tax revenue data, which are produced in partnership with participating countries and regional partners. and 1.3 p.p. This states that only the part of a non-wastable tax credit that is used to reduce or eliminate a taxpayer’s tax liability should be subtracted in the reporting of tax revenues. The second-highest share of revenues on average was received by social security funds, which are a sub-sector of general government, at 21.0% of total revenues, followed by 17.3% at the state level and 7.7% at the local level (Table 1.3). The local government share varied from 0.9% in Estonia to 35.3% in Sweden. But during and after the deep recession following the second oil shock (1980), countries in Europe saw tax levels rise further, to finance higher spending on social security and rein in budget deficits. It describes the functioning of value added taxes (VAT) and of retail sales taxes (in the United States) and the main characteristics of consumption taxes on specific goods and services.

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