U.S. Taxes lower than in most developed countries

30 September, 2019   -   By Luisa Almazan

This post is also available in: Français (French)

U.S. Taxes lower than in most developed countries


Taxes are lower in the U.S. than in most developed nations, according to a chart released by the Tax Policy
Center. Using data from the Organisation for Economic Co-operation and Development (OECD), the
document reveals that total tax revenues in the U.S. in 2017 represented around 27% of gross domestic
product, which is nearly 10 points lower than the OECD average of 36%. This ranks the U.S. 31st out of 36
OECD nations. The Washington Post’s Jeff Stein comments: “Another way of thinking about this is the U.S.
could raise an additional $18trn/decade if it had average levels of taxation of an advanced economy . . . And
that’s just the average, not Norway/Sweden.” Bobby Kogan of the Senate Budget Committee speculated that
tax policies like those in the European Union would raise around $26trn over 10 years while adopting the tax
policies of France would generate some $50trn extra.


For more info: The fiscal times





To find out how UHY can assist your business, contact any of
our UHY member firms. You can visit us online at www.uhy.com
to find contact details for all of our offices, or email us
at info@uhy.com for further information.
UHY International
D: +44 20 7767 2621
T: +44 20 7216 4600
W: www.uhy.com
UHY is an international network of legally independent accounting and consultancy firms whose administrative entity is Urbach Hacker Young
International Limited, a UK company. UHY is the brand name for the UHY international network. Services to clients are provided by member firms and
not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited, the UHY network, nor any member of UHY has
any liability for services provided by other members.
This Service was produced by Early Morning Media. Email: info@earlymorningmedia.co.uk, Registered in England No: 06719248
Registered Address; Global House, 1 Ashley Avenue, Epsom, KT18 5AD, Phone: 0207 186 1060. The editorial opinions expressed in this newsletter may
not necessarily be those of UHY International Ltd or its member firms. Every effort was made to ensure accuracy but the publishers cannot be held
responsible for errors or omissions. No part of this newsletter may be reproduced in any form without prior permission of UHY International Ltd. or

You might also like

08 July, 2021
By: Luisa Almazan

UHY Global: Issue 11

18 June, 2021
By: Luisa Almazan

UHY Capability Statement 2021

Share via
Copy link
Powered by Social Snap