Greece tops OECD tax chart

The policy of overtaxation sets Greece apart from most countries, the majority of which have been going in the opposite direction, reducing the burden on taxpayers and enterprises to boost growth and competitiveness.

Taxes and social security contributions have jumped in Greece in recent years, especially in 2015 and 2016, taking it to the top of the corresponding chart of the Organization for Economic Cooperation and Development's (OECD) 34 member-states.

In its latest report, titled "Tax Policy Reforms 2018" and released on Wednesday, the international organization notes that tax revenues in Greece as a percentage of gross domestic product climbed by three percentage points in 2015 and 2016, with the Netherlands a distant second with half that increase.

In the decade from 2007 to 2016 Greece was also the leader in tax hikes among the OECD states: The index of...

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