In a report published on Thursday, 11 September, the OECD emphasised that high levels of debt, significant spending needs related to climate change, population ageing, and, at times, increased defence spending led jurisdictions of all income levels to adopt strategies that aim to mobilise more revenue.
Certain jurisdictions chose to increase the standard value-added tax (VAT), corporate income tax, or personal income tax rates as well as health- and environment-related taxes. Others...