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.
Category: Country
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Revenue Statistics: Key findings for the United Kingdom
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%.
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United States: Continue to tackle macroeconomic challenges while supporting the middle class and preparing for population ageing, says OECD
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.
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Transfer Pricing Country Profiles
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.
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Carbon Pricing: key findings for the United Kingdom
Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air & water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in the United Kingdom between 2018-21. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
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Transfer Pricing Country Profiles
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.
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United Kingdom: Accelerate structural reforms to keep recovery on track
After a strong post-pandemic recovery, the UK economy is facing slower growth with rising inflation and labour shortages exacerbated by Russia’s war of aggression against Ukraine.
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Taxing Wages: Key findings for the United States
The tax wedge for the average single worker in the United States increased by 1.2 percentage points from 27.2% in 2020 to 28.4% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, the United States had the 30th lowest tax wedge among the 38 OECD member countries, compared with...
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Taxing Wages: Key findings for Australia
The tax wedge for the average single worker in Australia decreased by 1.3 percentage points from 28.4% in 2020 to 27.1% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, Australia had the 31st lowest tax wedge among the 38 OECD member countries, compared with 30th in 2020.
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Transfer Pricing Country Profiles
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.