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Tax Burden: Austria Above EU Average
Politics ♦
Published: April 29, 2013; 12:16 ♦ (Vindobona)
The overall tax-to-GDP ratio in the EU27 up to 38.8% of GDP in 2011. Labour taxes remain major source of tax revenue.
Tax Burden: Austria Above EU Average / Picture: © Vindobona.org
The overall tax-to-GDP ratio, meaning the sum of taxes and social contributions in % of GDP, in the EU27 stood at 38.8% in 2011, from 38.3% in 2010 and 38.4% in 2009. The overall tax ratio in the euro area (EA17) increased to 39.5% in 2011, up from 39.0% in 2010 and 39.1% in 2009.
The tax burden varies significantly between Member States, ranging in 2011 from less than 30% in…
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