AS per the latest OECD Report, tax systems across the OECD countries are converging towards higher tax levels and greater reliance on value-added taxes, social security contributions and corporate taxes. Nevertheless, the tax mix continues to vary widely across the advanced economies.
How do tax levels compare across countries? What factors are driving the variation in tax burdens seen worldwide? Which taxes comprise the largest and smallest sources of revenue, on a country-by-country basis?
Two new OECD reports to be published on December 5 would provide internationally comparable statistics and analysis designed to inform the tax policy debate:
++ Revenue Statistics 2018 provides data on government tax revenues from 1965 to 2017, including the tax to GDP ratio, revenues collected by central, state and regional governments, and the relative importance of personal and corporate income tax, social security contributions and taxes on goods and services in the tax mix. It includes a special feature that examines the convergence of OECD tax levels and structures since 1995.
Consumption Tax Trends 2018 provides a biennial look at Value Added Tax/Goods and Services Tax (VAT/GST) and excise duties in OECD member countries. It provides cross-country comparative data about the tax base, rates and implementation rules and looks at the application of VAT/GST to international trade.
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