OECD countries’ tax revenues flatten out
Tax revenues in advanced economies reached a plateau during 2018, ending the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis, according to the OECD’s latest research.
The OECD average tax-to-GDP ratio was 34.3% in 2018, virtually unchanged since the 34.2% in 2017. The UK average increased by 0.2 percentage points from 33.3% in 2017 to 33.5% in 2018, placing the UK 20th out of 36 OECD countries.
Read more at the Accountancy Daily.