Friday, July 1, 2011

Tax-to-GDP ratio down in Greece: Eurostat



















The overall tax-to-GDP ratio in the EU27 declined to 38.4% in 2009, compared with 39.3% in 2008.tax ratio declined by 2.1 points.
 Data indicate that this decrease was essentially due to the 4.3% drop in GDP from 2008 to 2009, rather than to tax cuts. Compared to the beginning of the decade the EU27


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Eurostat