The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose slightly in 2017, to 34.2%, compared to 34.0% in 2016. The OECD average is now higher than at any previous point, including its earlier peaks of 33.8% in 2000 and 33.6% in 2007.
France Overtakes Denmark
The tax collection blue ribbon now goes to France. Congratulations!
Vs the OECD average of 34.2%, French taxes amount to 46.2% of GDP. Denmark, Sweden, Italy, and Greece round out the top five.
In addition to the blue ribbon, what else does France get?
How Did This All Start?
Macron raised diesel taxes to pay for the global warming reduction effort that he campaigned for.
Where Are We Now?
That's another good question.
I am certain readers would like a fitting musical tribute to these events. I posted this before but who can resist another Beatles tribute?
Comment of the Day
You say you want a revolution. Well, you know. We all want to change the world.
Mike "Mish" Shedlock