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OECD Revenue Statistics 2023 Report Finds Significant Fall in Tax Levels in OECD Countries

08 December 2023

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The OECD has announced the release of its Revenue Statistics 2023 report. --- Global energy crisis and government responses drive a significant fall in tax levels in OECD countries 06/12/2023 - High energy prices triggered by Russia's war of aggression against Ukraine prompted governments to reduce excise taxes during 2022, leading to lower tax levels in many countries, according to new OECD analysis. Revenue Statistics 2023 shows that the average tax-to-GDP ratio in the OECD fell by 0.15 percentage points (p.p.) in 2022, to 34.0%. This was only the third such decline since the Global Financial Crisis in 2008-09: the...