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France remains tax champion

2020-09-03T18:51:34.828Z


DECRYPTION - The OECD, which reviews tax reforms in 40 countries in 2019 and 2020, notes a continued decline in CIT.


The Covid-19 pandemic has not resulted in a fiscal revolution even though states have taken major budgetary measures to deal with the crisis.

The underlying trends observed in recent years, marked in particular by a reduction in corporate income tax and income reductions for people targeting low-income families, continue.

This is indicated in the annual report of the OECD published on Thursday.

It reviews the tax reforms carried out in forty countries.

First observation, France is still the champion of taxes, ahead of Denmark and Belgium.

In 2018, tax revenues represented 46.1% of GDP, a very slight decrease compared to 2017, against an OECD average of 34.3%.

Conversely, the three countries which tax the least are emerging economies - Indonesia, Mexico and Chile - whose revenues vary between 11% and 20% of GDP.

Read also:

Will the French escape tax increases?

The distribution of the tax burden also varies widely between states.

Some, like Australia

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Source: lefigaro

All news articles on 2020-09-03

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