Tax Burdens Continued To Rise In 2014 In OECD Countries

The average tax burden in OECD countries increased by 0.2 percentage points to 34.4% in 2014, marking 2014 as the highest ever recorded OECD average tax to GDP ratio since the OECD started measuring the tax burden in 1965. OECD, in its annual publication highlighting “Revenue Statistics-1965 to 2014,” points out that the increase in tax ratios between 2009 and 2014 is due to a combination of factors, including increases in revenue from taxes on consumption and taxes on personal income and profits. Tax Burden – Denmark had the highest tax to GDP ratio in 2014 According to the report, tax…