Saturday , July 12, 2025 |   13:52:17 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - While principle of res judicata does not apply to tax proceedings, the principle of consistency must be observed, especially where there is no change in facts or legal position: ITAT (See Breaking News) TP - Provision for bad & doubtful debts is only accounting treatment and have no direct nexus to operating income: ITAT (See Breaking News) TP - Working capital adjustment can't be denied merely due to absence of detailed working capital cycle data and adjustment should be granted based on average of opening & closing balances: ITAT (See Breaking News) DTAA - Prior taxability of similar income in earlier years does not bar assessee's lawful claim for relief in current year, more so when there is no change in facts: ITAT (See Breaking News) Netherlands to grow at 1.3% rate in 2025: OECD (See Brief) TP - Corporate guarantee given by assessee on behalf of AE in absence of any expenditure being incurred by assessee, would not constitute international transaction within meaning of Sec 92B: ITAT (See Breaking News) TP - Gross profitability margin may vary significantly over time, and hence, reliance on data of earlier years would not constitute reliable benchmark: ITAT (See Breaking News) DTAA - Management support services do not make available any technical knowledge or skill to recipient; ergo, consideration therefor is not taxable as FTS under India-Singapore DTAA: ITAT (See Breaking News) I-T - Amortization of capital subsidy in itself is not allowable as direct deduction u/s 80-IC, rather impact of capital subsidy is reflected in reduced "actual cost" of asset, leading to claim of lower depreciation: ITAT (See Breaking News) I-T - If repair & maintenance of aircraft equipment provided by foreign assessee to Indian airline operators, did not involve transfer of technology, then receipts from said services are not taxable as FIS: HC (See Breaking News) TP - If number of transactions are closely linked, then same should be treated as composite transaction and can be aggregated and construed as single transaction for purpose of determining ALP: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

Real household income per capital grows by 0.2% since Q1 of 2021: OECD
By TII News Service
Feb 08, 2023 , Paris

    

PARIS, FEB 08, 2023: AS per OECD, real household income per capita grew by 0.2% in the Q3 of 2022, the first rise in real household income since the first quarter of 2021. Real GDP per capita grew by 0.3% in the third quarter of 2022. 

Household income results were mixed across the OECD. Of the 21 countries for which data is available, nine recorded an increase in real household income per capita while twelve recorded a fall. Austria had the largest increase (10.1%) as payments associated with the government's environmental tax reform and cost-of-living assistance boosted household incomes. Of the G7 economies for which estimates are available[1], France, Germany and Italy recorded growth in the third quarter, with France seeing the highest increase at 0.8%. However, real household income per capita fell in Canada and the United Kingdom and was flat in the United States

Real household income per capita surpassed pre-COVID-19 pandemic levels in Q3 2022 in all OECD countries for which data is available except Czech Republic, Denmark, Finland, Portugal, Spain, and the United Kingdom (Figure 2). The outcome in Portugal and Spain can be partly explained by the slow recovery in household 'gross operating surplus and mixed income' (GOS-MI) since the early days of the pandemic. This type of income is usually associated with self-employment and, in most countries, contributes around one-fifth of household disposable income. Portugal and Spain recorded large falls GOS-MI in the first half of 2020 and recovered slowly thereafter (Figure 3). In contrast, most OECD countries saw robust growth in GOS-MI after the initial pandemic-related downturn. 

Household disposable income per capita in the United Kingdom grew by 9.0% in nominal terms between Q4 2019 and Q3 2022, more than in Italy at 7.9% and only slightly less than in France (9.9%). However, high consumer prices in the United Kingdom over the past year have continued to undermine household income when measured in real terms, causing real household income per capita to decline by 3.9%.

 
 
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 Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • 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
  • 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 © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.