Category: Asia

The tax wedge for the average single worker in Japan remained unchanged at 32.6% in 2020 and 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, Japan had the 25th lowest tax wedge among the 38 OECD member countries, occupying the same position in 2020.

Key findings for Japan from the report “Pensions at a Glance 2021”

Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air and water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in China between 2018 and 2021. It estimates effective carbon prices resulting from carbon taxes, emissions trading...

China’s tax-to-GDP ratio was 20.1% in 2020, above the Asia and Pacific (28) average of 19.1% by 1.0 percentage points. It was below the OECD average (33.5%) by 13.4 percentage points.

These country profiles focus on countries’ domestic legislation regarding key transfer pricing principles, including the arm’s length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.

Australia, Japan, Korea, and New Zealand did better than most countries in flattening the curve of the COVID-19 epidemic and containing the first wave of the virus, according to the OECD’s first analysis of the impact of COVID-19 on health systems of countries across the Asia-Pacific as well as governments’ responses to control the virus.

This country note explains how the People’s Republic of China taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.