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.
3. Nov 2008 at 0:00 | Compiled by Spectator staff from press reports