Saturday , June 6, 2020 |   13:38:46 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
I-T - Exemption can be allowed in respect of gains from transfer of shares held by Mauritian companies in Indian companies, where the actual management of the transferor companies is in the hands of an individual located in the USA, who is beneficial owner of the entire network of companies involved in the transaction: AAR (See 'Breaking News') TP- Companies providing engineering services in the field of electronics cannot be taken as comparable for Companies engaged in R&D services : ITAT (See 'Breaking News') I-T- penalty u/s 271(1)(c) is to be sustained where no concealment of income or furnishing inaccurate particulars is attributed to assessee, & if reasonable explanation is furnished for non-inclusion of arbitral award amount in taxable income: ITAT (See 'Breaking News') Indian Economy in ICU! - Like COVID-19, 'Vaccine' missing to bring it back to Life! (See The Cob(Web) in TIOL) I-T- Significant brand presence is a distinguishable feature and requires exclusion from the list of comparables : ITAT (See 'Breaking News') I-T- interest paid to a non-resident banker can be considered to have accrued or arisen in India so as to be taxable in India : ITAT (See 'Breaking News') Trump formally invites PM to G-7 Summit TP - If at time of assessment, data for relevant AY is available, same should be used for determination of arm’s length price of international transaction as against average of multiple year data : ITAT (See 'Breaking News') TP - Where the TPO erroneously considers amount of subvention fee for BPO segment, instead of the distribution segment, findings of DRP reversing such findings warrant any interference with: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >> News Brief
 

Reforms lead to decline in average OECD labour taxes
By TII News Service
Apr 12, 2019 , Paris

    

THE latest OECD Report has stated that income tax and social security contributions declined slightly for the average worker across the OECD in 2018, driven by major reforms in a handful of countries.

Taxing Wages 2019 shows that the “tax wedge” – total taxes on labour costs paid by employees and employers, minus family benefits, as a percentage of the labour cost to the employer – was 36.1% in 2018. This represents a fall of 0.16 percentage points from 2017, and is the fourth consecutive annual decrease in the tax wedge on the average OECD worker.

The decline between 2017 and 2018 was caused by large decreases in four countries: Estonia (2.54 percentage points), the United States (2.19 percentage points), Hungary (1.11 percentage points) and Belgium (1.09 percentage points). Even though the tax wedge on the average worker across the OECD declined between 2017 and 2018, small increases in the tax wedge were actually observed in 22 countries, or nearly two-thirds of the OECD. At the same time, small decreases in the tax wedge were observed in the remaining 10 OECD countries.

In the four countries where the largest decreases in the average tax wedge were observed, these reductions resulted from major reforms. In Estonia and the United States, the decreases were due to income tax reforms, whereas in Hungary and Belgium they resulted from reductions in employer social security contributions.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Partisyon of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI 1xbit
  • Relevant Portion of I-T Act,1922
  • GAARtipobet
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Actbuy Instagra
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Book Review
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Taxindiainternational.com Pvt.Ltd. All rights reserved.