Cost Of Living Guides


New tax report shows the burden in 34 countries around the world

by Ray Clancy on May 26, 2011

Tax regimes increase throughout the globe

People living in the Netherlands, Spain and Iceland saw their tax and social security payments increase the most in 2010 while those in Denmark, Greece, Germany and Hungary experienced the biggest drops, a new report shows.

The annual Taxing report from the Organisation for Economic Co-operation and Development (OECD) shows that tax burdens rose in 22 of the 34 countries it covers. It calculates the average tax wedge for each country from income taxes plus employee and employer social security contributions minus cash transfers as a percentage of total labour costs. [click to continue…]

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