COPENHAGEN: The European Commission (EC) has announced on Eurostat that the tax-to-GDP ratio in 2015 continued to vary by 1 to 2 across EU member states.
The overall tax-to-GDP ratio – the sum of taxes and net social contributions as a percentage of GDP – was 40.0% in the EU in 2015, stable compared with 2014. In the eurozone, tax revenue accounted in 41.4% of GDP, down slightly from 41.5% in 2014. This is the first time since its low point in 2010 that the tax-to-GDP ratio in both zones did not increase.
France, Denmark and Belgium enjoyed the highest tax-to-GDP ratio, it was lowest in Romania and Ireland.
