France's Tax Burden Now the Highest of Any OECD Country

Lloyd Doyle
December 8, 2018

According to a research by the organization showing annual review of taxes in 2017, Korea's tax-to-GDP ratio marked 26-point-9 percent, . lower than the OECD average of 34-point-2 percent.

Therefore, in Greece, especially in the period from 2015 to 2017 - and against the global trend - taxes and social security contributions increased disproportionately, making Greece the country with the steepest tax increase in that period, from 35.7 to 39.4 percent of GDP.

The French government's tax revenues were equivalent to 46.2% of its economic output, up from 45.5% in 2016 and 43.4% in 2000.

High taxes in France have been the source of discontent and unrest among residents. The protests have at times turned violent, in particular in Paris.

Overall, tax-to-GDP ratio rose slightly last year to 34.2 percent, compared to 34 percent the year prior - a higher average than any other year since the worldwide policy forum began tracking it, according to the OECD.

Macron's government, which aims to gradually reduce the overall tax burden during his five-year term, on Tuesday suspended further planned increases in fuel taxes for at least six months to try to calm the spiralling crisis. Korea paid relatively less tax on income and profits, with the tax-to-GDP ratio standing at 8.6 percent to finish 25th.

Korea's tax burden is lower than the United States at 27 percent and Japan 30-point-six percent.

The OECD said the government tax take rose in 19 member countries past year and fell in 16.

Other reports by Iphone Fresh

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