- OECD released the Revenue Statistics 2023 report
- The report provides data on tax levels and structures in OECD member jurisdictions
- It includes final data on tax revenues from 1965 to 2021 and provisional estimates for 2022
- Taxes are classified into different categories such as income, social security contributions, payroll, property, goods and services, and others
- In 2022, most OECD countries saw a decline in their tax-to-GDP ratio
- Revenues from corporate income tax increased in many countries, while revenues from excises declined
- The report also examines tax buoyancy, finding that tax revenues typically increased at the same rate as GDP
- Revenues from corporate income tax were the most buoyant, while revenues from excise taxes were the least buoyant.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
