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Taxes for 34 countries - ranked

News Summary:

According to new data from the Organisation for Economic Co-operation and Development (OECD), Taxes for 34 countries is ranked.

News Content:

The U.S. has surprisingly low taxes compared to other developed nations, according to new data from the Organisation for Economic Co-operation and Development.

The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation of 34 countries, founded in 1961 to stimulate economic progress and world trade. 

It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.

Total tax revenue as % of GDP of these 34 countries: 

(GDP or GDP is one measure of the size of the economy that measures the value of total goods and services produced in the country at a given time interval in relation to the current currency.
In this definition, the final goods and services are the goods and services that are at the end of the production chain, and they themselves are not purchased for production and other services.
There are different ways to calculate GDP. Calculation of total value added, calculation with consumption attitude and calculation with income attitude are three commonly used methods.)

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