Thursday 24 September 2015

OECD - Increasing tax revenues is crucial to development in emerging Asian economies

http://www.oecd.org/tax/increasing-tax-revenues-is-crucial-to-development-in-emerging-asian-economies.htm Increasing tax revenues and ensuring sustainable domestic resource mobilisation will be critical as emerging Asian economies seek to boost the provision of public goods and services and improve economic growth and living standards. 

Revenue Statistics in Asian Countries: Trends in Indonesia, Malaysia and the Philippines shows that the tax-to-GDP ratio has grown steadily since 2000 in all three countries, but has remained relatively stable in recent years.

In 2013, Indonesia had a tax-to-GDP ratio of 13.1%, which was slightly lower than the 16.2% reported in the Philippines and the 16.9% reported in Malaysia. The three countries’ tax levels were significantly below those of OECD countries in the region such as Korea, where the tax-to-GDP ratio was 24.3%, or Japan, where it was 29.5%, and well below the OECD average of 34.1%."

( Extract from OECD web page)