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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 20:55

Estonia's tax burden was higher than OECD average in 2016

BC, Tallinn, 24.11.2017.Print version
Estonia had a tax-to-gross domestic product (tax-to-GDP) ratio of 34.7% in 2016, slightly higher than the average ratio for member states of the Organization for Economic Cooperation and Development (OECD), figures available from the OECD show, cites LETA/BNS.

Estonia's VAT burden was 14.9%, income tax burden 7.8%, social tax burden 11.6% and property tax burden 0.3%.




On aggregate, the average tax-to-GDP ratio for all OECD member states rose again in 2016, to 34.3%, compared to 34.0% in 2015. On average, the OECD tax-to-GDP ratio is now higher than at any point since 1965, including prior peaks in 2000 and in 2007.


In 2016, the highest tax-to-GDP ratios were recorded in Denmark, 45.9%, France, 45.3%, and Belgium, 44.2%, and the lowest in Mexico, 17.2%, Chile, 20.4%, and Ireland, 23.0%. All but five countries - Canada, Estonia, Ireland, Luxembourg and Norway - have increased their tax-to-GDP ratio since 2009, the post-financial crisis low-point for tax revenues in the OECD.


In 2016, the largest increases in tax-to-GDP ratios were seen in Greece, 2.2 percentage points, and in the Netherlands, 1.5 perccentage points. The largest decreases were seen in Austria and New Zealand, at one percentage point.






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