The average level of tax revenues in OECD countries has remained largely unchanged in 2023, as governments seek to mitigate the effects of inflation against a backdrop of rising spending linked to climate change and ageing populations, according to the organisation’s latest report, published on Thursday 21 November.
The average tax-to-GDP ratio for OECD countries in 2023 was 33.9%, 0.1% lower than in 2021 and 2022, but higher than the pre-pandemic level of 33.4% in 2019. This ratio rose...