Tax Facts

Removing corporate welfare would allow for a six percentage point reduction in the company tax rate that would benefit all businesses equally.

Swedish drivers are already paying about 60 billion in taxes (gas taxes and vehicle tax), but only about 25 billion goes to maintain and renew the road infrastructure.

Taxes on labour income for the average worker across the OECD continued to decrease for the third consecutive year during 2016, dropping to 36% of labour costs, according to a new OECD report.

The US-based National Taxpayers Union Foundation (NTUF) completed a tax complexity project concluding “…the total economic value of compliance burden of the Tax Code can be valued at $262.632 billion.”

The OECD (the Organisation for Economic Co-operation and Development) has a great deal of statistics and reports available.

The Tax Foundation has released the third annual International Tax Competitiveness Index. Once again, the United States ranks among the bottom 5 countries with the 5th least competitive tax system in the OECD. Only Greece, Portugal, Italy, and France have less competitive tax codes. On the other end of the spectrum, Estonia takes the number one spot once again, with New Zealand and Latvia having the second and third most competitive tax systems, respectively.