Labour taxation rebounding as global economy recovers from COVID-19 pandemic
Effective tax rates on labour rebounded in 2021 as the global economy recovered and many countries began withdrawing or scaling back measures implemented in response to the COVID-19 pandemic, according to a new OECD report ‘Taxing Wages 2022’. This has been announced on 6 May 2022 with a news release on the website of the OECD. Further from the news release: Taxing Wages 2022 provides cross-country comparative data on income tax ...
Labour market disruption and COVID-19 support measures contribute to widespread falls in taxes on wages in 2020
The COVID-19 crisis has resulted in the largest decrease in taxes on wages since the global financial crisis of 2008-09, according to a new OECD report: Taxing Wages 2021. This has been announced with a press release on the website of the OECD on the occasion of the release of the report. Furthermore from the press release referred to above: The COVID-19 crisis has resulted in the largest decrease in ...
New OECD data provides a baseline for measuring the impact of COVID-19 on labour taxes
Labour taxes on the average worker across OECD countries continued to decline for the sixth consecutive year in 2019, according to a new OECD report. This was announced with a press release on the website of the OECD in guidance of the release of the report “Taxing Wages 2020”. From the press release: Taxing Wages 2020 shows that the “tax wedge” – total taxes on labour costs paid by employees ...
Reforms in a few countries drive a decline in average OECD labour taxes
Income tax and social security contributions declined slightly for the average worker across the OECD in 2018, driven by major reforms in a handful of countries, according to a new OECD report. This was announced by the OECD with a press release dated 12 April 2019. Taxing Wages 2019 shows that the “tax wedge” – total taxes on labour costs paid by employees and employers, minus family benefits, as a ...
OECD releases report Taxing Wages 2018 – Workers in OECD countries pay one quarter of wages in taxes
Today, the OECD released its report Taxing Wages 2018, its annual publication on the taxes levied on wages and salaries in member countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by in-work families. It illustrates how these taxes and benefits are calculated in each member country and examines how they impact household ...