OECD: Greek tax revenue/GDP ratio up by one percentage point in 2015 (36.8%)

Wednesday, 30 November 2016 21:06
UPD:21:08
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The increase reflects a continuing reliance on increased taxes - direct and indirect - to meet memorandum-mandated fiscal targets.

 

Tax revenue as a percentage of Greece's GDP grew by one percentage point to 36.8 percent in 2015, up from 35.8 percent in 2014, the Organisation for Economic Co-operation and Development (OECD) announced on Wednesday.

The increase reflects a continuing reliance on increased taxes - direct and indirect - to meet memorandum-mandated fiscal targets.

In  its annual Revenue Statistics 1965-2015 report, the international organization reported that the tax revenue/GDP ratio for its 32 member-states posted a marginal 0.1-percent increase -- to  34.3 percent in 2015 from 34.2 percent in 2014.

Denmark (46.6 percent), France (45 percent) and Belgium (44.8 percent) recorded the highest tax revenue/GDP ratio, while Mexico (17.4 percent), Ireland (23.6 percent) and the US (26.4 percent) the lowest.

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