Taxing Wages provides unique information on the taxes paid on wages in OECD 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 paid by in-work families. The purpose is to illustrate how these taxes and benefits are calculated in each member country and to examine how they impact on household incomes. The results also enable quantitative cross-country comparisons of labour cost levels and the overall tax and benefit position of single persons and families on different levels of earnings.
The publication shows this information for eight household types which vary by income level and household composition and the results reported include the marginal and average tax burdens for one and two earner families and the total labour costs of employers. These data are widely used in academic research and in the preparation and evaluation of social and economic policy making.
Taxing Wages 2015 includes a special feature entitled: ‘Modelling the tax burden on labour income in Brazil, China, India, Indonesia and South Africa.'
Public comments are invited on this discussion draft which deals with work in relation to Action 8 of the BEPS Action Plan.
The OECD will hold a public consultation event on transfer pricing matters on the 6 and 7 July 2015 at the OECD Conference Centre in Paris, France.
The Colombian corporate tax system is highly complex and distortive. The effective tax burden on businesses is very high due to the combined effect of the corporate income tax, the corporate surtax introduced in 2012 (CREE), the net wealth tax on business assets and the value added tax (VAT) on fixed assets.
After 18 months of hard work, we are now in the decisive stages of the G20/OECD BEPS Project. Your leadership is therefore essential at this point in time, to send a strong message for our officials to reach a principle-based agreement on measures that will effectively attack the loopholes which have allowed base erosion and profit shifting practices to take hold in the past.
Public Comments are invited on a discussion draft which deals with Action 11 (Improving the analysis of BEPS) of the BEPS Action Plan.
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Finland has the 7th highest tax wedge among the 34 OECD member countries. The average single worker in Finland faced a tax wedge of 43.9% in 2014 compared with the OECD average of 36.0%.
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The Slovak Republic is ranked 12th among the 34 OECD member countries in decreasing order with a tax wedge for an average single worker at 41.2% in 2014, compared with the OECD average of 36.0%.
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Slovenia has the 10th highest tax wedge among the 34 OECD member countries. The average single worker in Slovenia faced a tax wedge of 42.5% in 2014 compared with the OECD average of 36.0%.
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Belgium has the highest tax wedge among the 34 OECD member countries. The average single worker in Belgium faced a tax wedge of 55.6% in 2014 compared with the OECD average of 36.0%.