Tax Burdens Falling in OECD Economies as Crisis Takes its Toll
added: 2009-11-25
The recession is taking its toll on tax receipts across the OECD. Aggregate tax burdens in OECD economies, calculated as the ratio of tax revenues to gross domestic product, or GDP, were unchanged between 2006 and 2007, and then fell in 2008. The reduction in the tax burden in 2008 is estimated to have been some ½ percent of GDP, from 35.8% to an estimated 35.2%.
