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UK taxesInstitute for Fiscal Studies
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81% Informative
UK tax revenue was 33.5% of gross domestic product in 2021 the most recent year for which there are internationally comparable data.
This is slightly below the average for both the G7A club of developed economies: Canada , France , Germany , Italy , Japan , UK , US .
UK taxes are higher than in most other English -speaking developed economies (such as Australia , Canada , New Zealand , Ireland and the United States ).
Tax revenue has since remained relatively stable by historical standards.
UK raises less from social security contributions across all OECD .
Scandinavia stands out, with higher income taxes than elsewhere.
UK 's lower revenues from SSCs more than explain the UK ’s below-average tax take the UK raises more than the OECD .
The UK average tax rate was 51% on a top earner in 201617 .
This was still less than the 55% average amongst higher-tax European countries.
SSCs account for a larger share of tax payments for low and middle earners than for those at the top of the distribution.
VR Score
92
Informative language
98
Neutral language
71
Article tone
formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links