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Government tax takes at record high with France in top spot - OECD

Reuters  |  PARIS 

PARIS (Reuters) - France overtook Denmark as the most taxed country in 2017 as government tax revenues in developed countries hit a record high, the OECD said, data which may do little to help President Emmanuel Macron placate protesters angered over living costs. The Organisation for Economic Cooperation and Development (OECD) said on Wednesday overall government tax revenue on average reached 34.2 percent of gross domestic product (GDP) last year among 34 developed countries for which the Paris-based body compiled data.Though up only slightly from 34.0 percent in 2016, the figure was the ...

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First Published: Wed, December 05 2018. 15:32 IST