Tax revenues bounced back in 2021 as OECD economies recovered from the initial impact of the Covid-19 pandemic, according to new OECD data.
The OECD report - Revenue Statistics 2022 - showed that the OECD average tax-to-GDP ratio rose by 0.6 percentage points in 2021, to 34.1 percent, the second strongest year-on-year increase since 1990.
The report, which presents tax revenue data for the second year of the Covid-19 pandemic, further revealed that tax-to-GDP ra...
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