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by fngjdflmdflg
278 days ago
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>[Taxes] are already some of the highest as a percentage of GDP in the world. Is this the right metric: "Tax revenue (% of GDP)"?[0] If so, France ranks 28 at 23.1% of GDP. The highest non-island developed country is Denmark at 31.4%. Denmark's GDP per capita is 1.5x France. New Zeland's GDP per capita is similar to France and their GDP to tax rate is 29.6% which is the fifth highest. Does New Zeland face similar problems as France? I think I agree with your implication that simply increasing the tax to GDP ratio is not a magic bullet. In general, the data here is really interesting. Germany and the US have a pretty similar value, both averaging at about 11% in recent years. I would have assumed that Germany would have a higher rate. I wonder if this data is misleading somehow or if my assumptions were just wrong here. I guess one variable missing here is government debt, which is not a tax but is still used to pay for government expenses. [0] Global: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?most_... France over time: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS?most_... |
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I'm not one to cheer for absurd taxation (which is a French specialty), but I understand why this setup does ruffle some feathers in France.