OECD: Greece has highest tax increases in the world

6 December 2018
140 Views

Greece recorded the highest tax increases in the 2007-2017 decade, almost twice from Mexico, the country second on the list, according to the OECD Revenue Statistics Report 1965-2017.
Taxes in Greece also rose in the two years 2016-2017 (blue bar) as Greece was the 7th in tax increases in the world.
The rise in taxes has been experienced by almost all European countries in 2010-2014. But after that 4-year period, the tax rises plateau off or even fall in some cases, something not achieved in Greece as it recorded a reverse trend.

In 1965, Greece was one of the three countries with the lowest tax burden (17.1% of GDP against an average of 24.9%).
In 1995, Greece was again below the average of 34 OECD countries (25.2% vs. 31.9%).
In 2000, it moved to the OECD average (31.2% of GDP versus 31.9%). The same occurred in 2007 (32% vs. 32.3%).
During the “black” 2010, at the outbreak of the crisis taxes were hovering was just the OECD average (32% versus 32.3%)
In 2012 (1st Memorandum), the tax burden in Greece skyrocketed to 35.5% (+3.5 points compared to 2010). At that stage, it was above the OECD average, which also rose to 33.1% (+0.9 points).

In 2014, with the advent of the second Memorandum tax increases in Greece were halted or increased slightly (35.7% of GDP or + 0.2 points), while international growth was even higher: 33.5% or +0.5 points in the OECD.

In 2017, taxes in Greece started rising again and currently stand at 39.4 percent of GDP (+ 2.8 points in 3 years), while the OECD average also rose to 34.2 percent (or +0, 6 units from 2014). But the gap between Greece and other countries is now 5.2 points, or 3 points higher than in 2014.

You may be interested

Rubicon storms Swiss embassy
GREECE
shares21 views
GREECE
shares21 views

Rubicon storms Swiss embassy

makis - Feb 18, 2019

Rubicon stormed the Embassy of Switzerland, at Iasiou Street 2 in Kolonaki earlier this morning. According to information, the members…

Did Minister Polakis hide income or did he lie?
POLITICS
shares20 views
POLITICS
shares20 views

Did Minister Polakis hide income or did he lie?

makis - Feb 18, 2019

The exclusive report in Proto Thema on Sunday, revealing that Alternate Health Minister Pavlos Polakis was granted a consumer loan…

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”
GREECE
shares902 views
GREECE
shares902 views

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”

Panos - Feb 18, 2019

At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…

Leave a Comment

Your email address will not be published.