Spectator on facebook

Spectator on facebook

FOUCS SHORT

Slovakia has seventh lowest tax burden within 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 level of 29.8 percent in 2007, which is abount 6 percentage points less than the OECD average. The OECD’s latest report, Revenue Statistics 1965-2007, shows Denmark currently has the highest tax load. Its ratio of tax burden to gross domestic product (GDP) reached 48.9 percent last year. In contrast, Mexico has the lowest tax burden (20.5 percent) among OECD members, the SITA newswire reported on October 15.

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 level of 29.8 percent in 2007, which is abount 6 percentage points less than the OECD average. The OECD’s latest report, Revenue Statistics 1965-2007, shows Denmark currently has the highest tax load. Its ratio of tax burden to gross domestic product (GDP) reached 48.9 percent last year. In contrast, Mexico has the lowest tax burden (20.5 percent) among OECD members, the SITA newswire reported on October 15.

In 2007, the tax burden in relation to GDP rose in 11 OECD countries, while 13 members 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 most significant decrease of 1.3 points, to 38 percent.
Slovakia has been a member of the OECD, a club of the world’s 30 most developed countries, since the year 2000.

Topic: Finances and Advisory


Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico