First published at 02:39 UTC on July 24th, 2020.
How much of the governments income is gained through taxation?
This bar chart race shows tax revenue in percentage compared to OECD countries respective GDP, 1965-2018, highest and lowest.
Definition of Tax revenue (OECD):
Tax revenue is defined as…
MORE
How much of the governments income is gained through taxation?
This bar chart race shows tax revenue in percentage compared to OECD countries respective GDP, 1965-2018, highest and lowest.
Definition of Tax revenue (OECD):
Tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes. Total tax revenue as a percentage of GDP indicates the share of a country's output that is collected by the government through taxes. It can be regarded as one measure of the degree to which the government controls the economy's resources. The tax burden is measured by taking the total tax revenues received as a percentage of GDP. This indicator relates to government as a whole (all government levels) and is measured in million USD and percentage of GDP.
OECD member states:
Countries appear in this video when they become member states. Following countries are members:
1961: Canada, USA, United Kingdom, Denmark, Iceland, Norway, Turkey, Spain, Portugal, France, Ireland, Belgium, Germany, Greece, Sweden, Switzerland, Austria, Netherlands, Luxembourg.
Later: Italy (1962), Japan (1964), Finland (1969), Australia (1971), New Zealand (1973), Mexico (1994), Czech Republic (1995), Hungary (1996), Poland (1996), South Korea (1996), Slovakia (2000), Chile (2010), Slovenia (2010), Israel (2010), Estonia (2010), Latvia (2016), Lithuania (2018), Colombia (2018).
Source: OECD
Music:
Markvard - https://soundcloud.com/markvard/markvard-take-a-chance
Markvard - Happy [NCS BEST OF]: https://youtu.be/-K0aUPMocro
LESS