France Overtakes Denmark for Top Spot in Most Taxes as Percent of GDP

moneymaven.io | 12/5/2018 | Staff
jenny1246 (Posted by) Level 3


Congratulations are in order. France just topped Denmark as the most taxed nation.

The OECD reports Tax Revenues Rise.

Edition - OECD - Revenue - Statistics - Publication

The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose slightly in 2017, to 34.2%, compared to 34.0% in 2016. The OECD average is now higher than at any previous point, including its earlier peaks of 33.8% in 2000 and 33.6% in 2007.

The tax collection blue ribbon now goes to France. Congratulations!

Vs - OECD - Average - % - Taxes

Vs the OECD average of 34.2%, French taxes amount to 46.2% of GDP. Denmark, Sweden, Italy, and Greece round out the top five.

In addition to the blue ribbon,...
(Excerpt) Read more at: moneymaven.io
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