2023-12-13 13:00:00
Saccording to the 2023 edition of “Public Revenue Statistics” just published by the OECD, France once once more became the world tax champion in 2022, with a rate of compulsory deductions (PO) representing 46.1% of GDP, compared to 45.2% in 2021. It dethroned Denmark from its first place, where the level of taxation recorded a spectacular drop of 5 points of GDP last year, to 41.9%, “mainly due to the contraction in income tax revenue,” explains the OECD. Denmark is now relegated to seventh place in the world.
READ ALSO France’s debt: why the country has retained its ratingIt is Norway that we find, behind France, in second place in the 2022 ranking of the most taxed countries (44.3% of GDP, + 1.8 points compared to 2021), mainly due to a jump in corporate tax (IS) revenues from exceptional profits made by companies in the energy sector. With a PO/GDP ratio of 43.1%, Austria takes third place, ahead of Finland (43%) and Italy (42.9%).
Mexico has the lowest rate among OECD countries
At the other end of the scale, Mexico is, among the 38 OECD countries, the one with the lowest level of compulsory taxes (16.9% of GDP), followed by Colombia (19. 7%), Turkey (20.8%) and Ireland (20.9%). In comparison, this ratio stands at 27.2% in Switzerland, 27.7% in the United States, 35.3% in the United Kingdom and 39.3% in Germany.
On average, the amount of taxes represented 34% of GDP in the OECD area in 2022, down 0.2 points compared to 2021, mainly due to reductions in energy taxes decided in the face of the surge lessons. The decline observed in 2022 followed two years of increase during the Covid-19 pandemic (+0.2 points in 2020 and +0.6 points in 2021).
READ ALSO Europe might earn 40 billion with the tax on the wealth of billionairesFinally, in the long term, the tax/GDP ratio is rising sharply in OECD countries, having increased from 24.9% on average in 1965 to 34% in 2022. During this period, it increased by almost 13 points in France (from 33.4% to 46.1%) but by just over four points in the United States (from 23.5% to 27.7%).
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