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The average worker in Greece faced a tax burden on labour income (tax wedge) of 41.6% in 2013 compared with the OECD average of 35.9%. Greece was ranked 11 of the 34 OECD member countries in this respect.
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This note presents key findings for Greece from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.
Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal
measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened
unemployment has risen, earnings have declined and social tensions have increased.
Tax revenues continue bouncing back from the low levels reported in almost all countries during 2008 and 2009, at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication. This annual publication presents a unique set of detailed and internationally comparable tax revenue data in a common format for all OECD member countries from 1965 onwards.
The Greek government and the OECD are working together to assess the costs and benefits of regulations restricting competition in the tourism, retail trade, food processing and construction materials sectors and to propose specific recommendations for change.
An 11-month investigation by the OECD in cooperation with the Greek authorities has identified a wide range of regulations and legal provisions that undermine competition.
Greece has made impressive headway in consolidating its public finances and undertaking key structural reforms to boost productivity and enhance competitiveness.
We understand how much Greek society has endured these past six years. Reform isn’t easy at the best of times, but it can be even more challenging in the face of a weak economy while at the same time trying to correct a budget deficit. But all crises come to an end. Growth does return. Now is the time to maintain the momentum of Greece’s reform drive, said OECD Secretary-General.
Mr. Angel Gurría, Secretary-General of the OECD, was in Athens on 27 November 2013, on an official visit. Mr. Gurría presented the OECD Economic Survey of Greece and OECD’s Competition Assessment of Laws and Regulations in Greece.
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Financial sustainability has been the main concern behind the pension reforms enacted in Greece in the last three years. Retirement-income adequacy may be an important concern for future retirees but working longer may help to make income more adequate...