TaxWorldWeb – International Tax News

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The OECD recently released its latest “Taxing Wages” report which looks at the net personal average tax rate in different countries. More specifically, that takes into account income tax and social security contributions paid by employees minus family benefits as a share of gross wages. In 2017, the average share of gross wages paid in tax was 25.5 percent across the OECD. On a country by country basis, tax rates vary tremendously and depend heavily on earnings as well as family status.