New OECD analysis: Global energy crisis and government responses drive a significant fall in tax levels in OECD countries
High energy prices triggered by Russia’s war of aggression against Ukraine prompted governments to reduce excise taxes during 2022, leading to lower tax levels in many countries, according to new OECD analysis as reported in a news release on the website of the OECD. Revenue Statistics 2023, a new OECD-report published on December 6, 2023, shows that the average tax-to-GDP ratio in the OECD fell by 0.15 percentage points (p.p.) ...