The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Australia increased by 0.8 percentage points from 27.7% in 2019 to 28.5% in 2020.* The corresponding figures for the OECD average were an increase of 0.2 percentage points from 33.4% to 33.6%.
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in the United States increased by 0.8 percentage points from 25.8% in 2020 to 26.6% in 2021. Between 2020 and 2021, the OECD average increased from 33.6% to 34.1%.
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 Australia between 2018 and 2021. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
EU energy ministers are engaged in crunch talks over the details of a gas price cap intended to protect consumers from higher prices.
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 the United States between 2018-21. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
Higher gas prices have led to an increased reliance on coal, the IEA said.
Employees at Amazon’s Coventry warehouse in central England voted Friday to go on strike.
Australia’s tax-to-GDP ratio was 27.7% in 2019* (latest available data), above the Asia and Pacific (28) average of 19.1% by 8.6 percentage points. It was below the OECD average (33.5%) by 5.8 percentage points.
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in the United Kingdom increased by 1.4 percentage points from 32.1% in 2020 to 33.5% in 2021. Between 2020 and 2021, the OECD average increased from 33.6% to 34.1%.
After a rapid recovery from the pandemic, the U.S. economy faces significant challenges from surging inflation and slowing economic activity, according to a new OECD report.