Tax revenues have reached a plateau

Dec 09, 2019

Tax revenues have reached a plateau during 2018 which ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis.  This is according to the latest studies from the OECD released last week. 

Revenue Statistics 2019 provides data on government tax revenues from 1965 to 2018, including the tax to GDP ratio, revenues collected by central, state and regional governments, and the relative importance of personal and corporate income tax, social security contributions and taxes on goods and services in the tax mix.  The tax-to-GDP ratio in Ireland decreased by 0.2 percentage points from 22.5 percent in 2017 to 22.3 percent in 2018 and was ranked 34th out of 36 member states in term of tax-to-GPD in 2018.   The OECD average tax-to-GPD increased from 34.2 percent in 2017 to 34.3 percent in 2018.