The latest data on taxation trends in the EU indicates that nominal tax revenues collected by EU member states reached a record value in 2022, totalling €6.388 billion (an 8 percent increase on 2021). The data also indicates that the average tax burden (measured by taking the total tax revenues received as a percentage of GDP) decreased slightly in 2022. The average tax burden in the EU is 40.2 percent, with Ireland’s tax-to-GDP ratio for 2022 being the lowest at 20.9 percent.