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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Finances and Advisory


Top stories

Biker gang complex in Dolná Krupá raises questions

What does the Russian bikers’ gang Night Wolves do in the Slovak village of Dolná Krupá?

The complex in Dolná Krupá

Here is how I measure the speed of integration

Babiš proposes to end war, poverty and religious extremism with a snap of our fingers. Why hasn’t anybody else thought of this?

Andrej Babiš, Czech prime minister

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach