India's direct tax to GDP ratio has been slowly crawling up from an average of 5.5% from FY12to FY21, to a high of 5.97% in FY22 and 6.08% in the last fiscal. But this is still lower than the 6.3% of direct tax-to-GDP ratio that the country achieved in 2007-08. The moral ...
Luxembourg saw the highest increase in tax-to-GDP ratio out of OECD countries in 2023, according to the organisation’s new Revenue Statistics report Tom Baker,November 21, 2024 A‘seismic shift’: UK experts on private school VAT policy ...
Luxembourg saw the highest increase in tax-to-GDP ratio out of OECD countries in 2023, according to the organisation’s new Revenue Statistics report Tom Baker, November 21, 2024 A‘seismic shift’: UK experts on private school VAT policy The government’s move is potentially the most se...
In this visualization, we rank the world’s major economies by their tax-to-GDP ratios, as sourced from OECD Revenue Statistics 2023. The tax-to-GDP ratio measures a country’s tax revenue relative to the size of its economy. Why does it matter? A higher ratio may indicate higher ta...
SSA between India and Brazil comes into effect, -19thagreement for India with another country. Welfare schemes for platform-based gig-workers proposed. Recommendation of 8.25% as rate of interest to EPF subscribers for FY 2023-24. Rulings ...
Posted inRankings,Rule of Law,Tax Haven,Taxation, taggedRankings,Rule of Law,Tax Haven,Taxationon October 24, 2023|15 Comments » Folks on the left think it is terrible for nations to be “tax havens.” Since I’vewrittenmanycolumnsdefendinglow-tax jurisdictions (includingthe moral argument)...
…Germany’s debt brake is set at a relatively tight level, such that the annual limit on net borrowing could be eased by about 1 percentage point of GDP while still keeping the debt-to-GDP ratio on a downward path. Such an easing would allow more room for much-needed public investment...
June 2023 Region United States Survey time period 1977 to 2021 Citation formats Citation formats View options Other statistics on the topicGovernment tax revenue in the U.S. Politics & Government U.S. households that paid no income tax 2022, by income level Politics & Government U.S. sta...
of the China’s total fiscal revenue and 14.1% of GDP of the same year。Out of the total tax revenue,VAT amounts to 534.69 billion yuan,accounting for 40.8% of th e tax revenue;Consumption Tax 86.97 billion yuan,6.6%;Business Tax 188.57 bill ...
we will reduce our debt burden. "It is not as if the debt is beyond what the government can handle," she added. "If you look at the ratio of the debt to the gross domestic product [GDP], I think the government is doing well." Nigeria faces a high level of debt and tough demands...