Spectator on facebook

Spectator on facebook

Slovakia has seventh-lowest tax burden within OECD

Slovakia has the seventh-lowest tax burden within the Organisation for Economic Cooperation and Development (OECD).

Slovakia has the seventh-lowest tax burden within the Organisation for Economic Cooperation and Development (OECD).

The country's tax burden remained at an unchanged 29.8 percent in 2007, which is almost six percent less than the OECD average. The newest OECD Revenue Statistics 1965-2007 report shows Denmark as having the highest tax load. The sum of its tax burden in relation to gross domestic product reached 48.9 percent last year. In contrast, Mexico had the lowest tax burden (20.5 percent).

In 2007, the tax burden rose in 11 OECD countries, while 13 member countries reported a drop. Hungary reported the highest year-on-year growth, of 2.2 percentage points, to 39.3 percent. By contrast, the Netherlands recorded the biggest fall, of 1.3 points, to 38 percent.

The OECD groups the 30 most developed countries worldwide. Slovakia has been a member since 2000. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo