قالب وردپرس درنا توس
Home / World / France Becomes the World's Most Heavily Taxed Country

France Becomes the World's Most Heavily Taxed Country



France made the most heavily taxed of the world's rich countries in 2017, according to figures released the day after President Emmanuel Macron Government.

The Organization for Economic Cooperation and Development's annual report on taxes showed 46.2% of economic output, up from 45.5% in 2016 and 43.4% in 2000 The Danish government's tax take, which was the highest among OECD members between 2002 and 201

6, fell to 46% of gross domestic product from 46.2% in the previous year to 46.9% in 2000.

The US government's tax revenues as a result of a one-off tax on accumulated benefits earned by American businesses overseas. But at 27.1% of GDP, only five countries had a lower tax take: Mexico, Turkey, Chile, South Korea and Ireland.

 Protesters hold a French flag during a protest on Saturday against rising oil prices and living

Protesters holding a French flag near a burning barricade during a protest on Saturday against rising costs and living costs.

            
        abdulmonam eassa / Agence France-Presse / Getty Images
          

Mr. Macron's government has pledged to raise fuel taxes in order to reduce automobile pollution.

revenue. But the planned move sparked the worst riots to hit Paris in December, leaving the city's shopping and tourist center dotted with burning cars and damaged storefronts. Protesters vandalized the Arc de Triomphe, rattling Mr. Macron's administration and the country.

The rise in French tax revenues in line with a long-term trend across wealthy countries. The average tax take on 34.2% of GDP in 2017 from 34% in 2016 and 33.8% in 2000 as the global financial crisis.

Of the 34 countries for which 2017 figures are available, 19 saw a rise in tax revenues relative to the size of their economies, with Israel reporting the largest increase. Mexico continues to record the lowest price at 16.2% of GDP, down from 16.6% in 2016.

Write to Paul Hannon at paul.hannon@wsj.com


Source link