France Overtakes Denmark for Top Spot in Most Taxes as Percent of GDP

Congratulations are in order. France just topped Denmark as the most taxed nation.

The OECD reports Tax Revenues Rise.

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?

Riots

Amusingly, it was a promise delivered: Macron Promised a Revolution, He Got One, Against Himself

In response, I offer this bit of political advice: Politicians Beware: It's Best Not to Deliver What You Actually Promise.

How Did This All Start?

Good question.

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.

In response to the riots, please note: France Suspends Diesel Tax Hike.

Musical Tribute

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

Comments
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Bill7718
Bill7718

Are there also equivalent figures for public spending as % of GDP?

Sechel
Sechel

The issue is what French cost of living. Taxes are only part of the equation. In France the cost of education and health care are low, while in other countries people take that debt on personally. I'd be more interested in hearing how France compares to other countries when looking at the totality. In the U.S. the cost of an education and getting access to health care is quite expensive.

gregggg
gregggg

"shot heard around the world"

Schaap60
Schaap60

On charts of taxes as a percentage go GDP like the one in this post, does the US percentage include state and local taxes or only Federal taxes? Thanks.

2banana
2banana

At what point, between 1% and 100% taxation, does a person become a slave?

thimk
thimk

congrats to the french people- hopefully it will be the "shot heard around the world" . as a complimentary tribute to this event :

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