In the OECD’s recent publication, Revenue Statistics 2022, data is presented in relation to tax revenue for the second year of the COVID-19 pandemic which illustrates that the OECD average tax-to-GDP ratio rose by 0.6 percentage points in 2021 to 34.1 percent, the second-strongest year-on-year increase since 1990.
In another report recently published by the OECD, Consumption Trends 2022, the growth in e-commerce is highlighted with most OECD countries implementing reforms to ensure that VAT is collected effectively on online sales, in line with OECD standards, ensuring a level playing field between bricks-and-mortar businesses and online merchants.