Citizens making up gaps left by falling corporation tax and corporate tax dodging

Households forced to plug holes left by falling corporate taxation according to the OECD

According to a press release put out by the OECD to launch its latest Revenue Statistics Report:

“Corporate tax revenues have been falling across OECD countries since the global economic crisis, putting greater pressure on individual taxpayers to ensure that governments meet financing requirements, according to new data from the OECD’s annual Revenue Statistics publication.”

It adds:

“Corporate taxpayers continue finding ways to pay less, while individuals end up footing the bill,” said Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration. “The great majority of all tax rises seen since the crisis have fallen on individuals through higher social security contributions, value added taxes and income taxes. This underlines the urgency of  efforts to ensure that corporations pay their fair share.”

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