Taxation/Addendum
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Levels of taxation
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
Taxes on wealth and property
Environmental taxation
References
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