Taxes disproportionately affect “ordinary Europeans“ compared to the wealthiest, said the NGO Oxfam in its analysis on Monday 9 September. Revenues from taxes on consumption and labour, paid by the former, are 13 times higher than those from taxes on wealth, paid mainly by the latter.
In 2022, consumption and labour taxes accounted for almost 8 euros out of every 10 euros of total tax revenue in EU countries, while taxes on wealth contributed less than 60 cents for every 10 euros collected. Between 2000 and 2023, the income tax rate of the richest people fell from 44.8% to 37.9%, and that of the largest companies in the EU fell from 32.1% to 21.2%. However, between 2010 and 2022, the tax rate on labour rose from 33.3% to 34.8% and the tax rate on consumption from 17.7% to 18.7%.
Oxfam is calling for a wealth tax (see EUROPE 13463/5, 13391/15).
Read the analysis: https://aeur.eu/f/dct (Original version in French by Anne Damiani)