The OECD’s annual Revenue Statistics 2014 report, published on Wed 10.12.2014, found that the tax burden in Australia increased by 1 percentage point from 26.3% to 27.3% in 2012. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.3% to 33.7%.
Since the year 2000, the report showed the tax burden in Australia has declined from 30.4% to 27.3%. Over the same period, the OECD average fell from 34.3% to 33.7%.
Australia ranked 28th out of 34 member countries in terms of the tax to GDP ratio in 2012 (the latest year for which tax revenue data is available for all OECD countries). In that year, Australia had a tax to GDP ratio of 27.3% compared with the OECD average of 33.7%.
[LTN 238, 9/12/14]