GyeongjuGrace
Sat Jun 08 2024
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6 answers
1776
Is Spain highly taxed?｜. The OECD average tax wedge in 2023 was 34.8% (2022, 34.7%). In 2023, Spain had the 14th highest tax wedge among the 38 OECD member countries, compared with 15th in 2022.The tax wedge for the average single worker in Spain increased by 0.6 percentage points from 39.6% in 2022 to 40.2% in 2023
Could you please elaborate on the tax situation in Spain? Is it considered a country with high taxes? I've noticed that according to the OECD, Spain's tax wedge for the average single worker rose from 39.6% in 2022 to 40.2% in 2023. How does this compare to other OECD member countries? Was Spain always ranked high in terms of tax wedge, or has this ranking changed over the years? It would be interesting to know if there are any specific taxes or policies that contribute to this relatively high tax wedge in Spain.
