Taxation/Addendum

The development of modern tax systems

Tax revenues in the developed countries amount, typically, to 30 to 40 per cent of GDP, compared with 10 to 15 per cent at the beginning of the 20th century.

Components of taxation

Personal income tax

Personal income tax accounts for about 25 per cent of the average tax receipts of the OECD countries

Corporate income tax

Corporate income tax accounts for about 11 per cent of the average tax receipts of the OECD countries

Social security contributions

Social security contributions account for about 24 per cent of the average tax receipts of the OECD countries

Taxes on consumption

Taxes on consumption account for about 25 per cent of the average tax receipts of the OECD countries

References

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