Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/16/2014

EU - Tax-to-GDP ratio  

June 16: The European Commission today released a report about tax trends in the European Union, revealing that in 2012, the overall tax-to-GDP ratio in the 28 EU Member States was 39.4% of GDP in 2012—up from 38.8% of GDP in 2011.

According to the EC report [PDF 122 KB], “labor taxes” continue to be the major source of tax revenue.


The overall tax-to-GDP ratio reflects the sum of taxes and compulsory social contributions as a percentage of GDP.




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