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Thursday October 12, 2006
British people, along with Americans and Icelanders suffered the biggest rise in taxes last year, according to a study by the Organisation for Economic Cooperation and Development released yesterday.....
.....Britain's tax revenues as a share of national income last year rose to 37.2%, just above the average for all OECD countries.
The rise, from 36% in 2004, was the third biggest of any OECD member......
.....Yesterday a Treasury spokesman defended this. "As recognised by the OECD today, higher tax ratios are a result of stronger economic growth in the UK economy, not tax increases.
Thanks to reforms introduced by this government, the UK economy continues to experience an unprecedented period of growth and stability, and the OECD recently described the UK as 'a paragon of stability'."
He said Britain's tax burden remained well below its peak of 39.1%, hit during the 1980s, and was below the average of countries in the European Union's 15 original members, before the 2004 enlargement, which is 39.7%.
The OECD report showed that the tax take in France is a hefty 44.3% of GDP, up 0.9 percentage points from 2004.
Germany's was 34.7% last year, unchanged from 2004. Highest was Sweden, where the government takes 51.1% of GDP in taxes, up from 50.4% in 2004.
Next is Denmark on 49.7%, then Belgium on 45.4%, just ahead of Norway on 45%.
Mexico was the lowest, on just 19.8%.
Pressures on NHS may push public spending up to 50 per cent of GDP by 2050. A report by the professional services firm PricewaterhouseCoopers has found that an ageing population, rising demands for healthcare services and increasing costs all mean that public sector spending will continue to rise dramatically in the coming decades. The report welcomes the Government’s target of an 80 per cent employment rate, but suggests that this alone will not be enough without “a much tougher stance on public spending growth”. The report argues that future governments must decide between “continuing with the recent direction of policy in areas like health, education and measures to tackle child and pensioner poverty … and adopting a much tougher stance on public spending growth”
Wow, the 'tax take' doubled in 10yrs........and yet the tax rate/burden didn't rise at all.
This is both perfectly normal and absolutely desirable
I'll stick to reputable reports from the serious commentators like the World Bank, OECD & IMF.
Worryingly, yesterday's report from the highly respected Paris-based economic monitor, the Organisation for Economic Co-operation and Development, showed Britain's overall tax burden has overtaken that of Germany
Originally posted by boyg2004
Did you even bother to read any of the links?
So YOU said the OECD was reputable. Care to dismiss THEIR claims?
You can stick with your 'newspaper' and pressure group comment and spin for the whole and absolute truth on everything if you like but it's a very partial picture you'll be getting.
But that is quite different to your original claims and insinuation that UK taxes are high and/or at an all-time high, when they are not
GORDON BROWN is about to raise Britain’s tax burden to its highest-ever level... An analysis by the accountants Ernst & Young, based on the Treasury’s own figures, shows the chancellor will match the record high for the tax burden this year and rise above it next year.... The Ernst & Young analysis shows that the tax burden excluding North Sea oil revenues, the best measure of the load faced by families and businesses, will be 37.6% of gross domestic product this year, close to the 37.7% peak reached in the early 1980s.