3 ms·
> And there is also a 20% VAT impacting the cost of pretty much anything you might use your after-tax income to Except stuff like food, rent, utilities, small
by dukeyukey 3y ago
> And there is also a 20% VAT impacting the cost of pretty much anything you might use your after-tax income to
Except stuff like food, rent, utilities, small stuff like that.
I'll give you the rest though. The UK is a low-tax country by European standards, and even by developed-world standards, but is above the US quite significantly.
- dragonwriter 3y ago> The UK is a low-tax country by European standards, and even by developed-world standards, The UK is a bit above average tax burden as share of GDP for the OECD. It is not particularly “low tax by developed world standards”.
- dukeyukey 3y agoThe OECD includes countries like Mexico, Turkey, and Colombia that are definitely less developed than the rest of the list. Hell, looking at the IMF figures, half the European countries on that list count as "developing" too, especially the less-taxing ones. Don't think I agree with them, but I'm not an economist so hey.