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Ratio of tax as % of GDP – evolution over the past two decades

Ratio of tax as % of GDP – evolution over the past two decades

Ratio of tax as % of GDP – evolution over the past two decades

Evolution in the tax-GDP ratio reflects changes in economic activity (employment, sales and services) and in tax legislation (rates, tax bases, threshold exemptions) affecting revenues as well as changes in the level of gross domestic product (GDP).

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