Organization for Economic Cooperation and Development

BoG: Taxes and contributions holding back growth

Non-salary costs in Greece are 10 percentage points above the mean rate of members of the Organization for Economic Cooperation and Development (OECD) and the European Union, according to the Bank of Greece's intermediary monetary policy report. It also stressed that the economy has not yet returned to normal as it is has not had access to money markets in a sustainable way.

Greek tax increases top OECD chart

Greece is the last decade's tax hike champion among the 35 member-states of the Organization for Economic Cooperation and Development, according to a new OECD report.

The report, which reflects the huge burden imposed on Greek taxpayers, shows that Greece remains the global leader not only in the sum of taxes but also in categories such as consumption taxation and property levies.

Greece tops OECD's 2007-2017 tax chart

The Revenue Statistics report on the period from 1965-2017 published by the Organization for Economic Cooperation and Development (OECD) shows that the tax-to-GDP ratio in Greece rose by 8.2 percentage points, from 31.2 percent in 2007 to 39.4 percent in 2017.

The increase puts Greece at the top of the OECD tax chart over that period.

Deputy PM Ana Birchall represents Romania at investiture ceremony of new President of Mexico

Bucharest, Dec 2 /Agerpres/ - Deputy Prime Minister Ana Birchall attended on Saturday the investiture ceremony of the new President of Mexico, Andres Manuel Lopez Obrador, during which she presented a congratulatory message from Romania for the mandate entrusted by most Mexicans.

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