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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.

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