Taxes falling worldwide, but UK bucks trend

A new report from the Organisation for Economic Cooperation and Development (OECD) says that the average tax burden among its members fell last year - with some notable exceptions. The average "tax-to-GDP ratio" of all OECD economies rose between 1995-2000, from 36.1% to 37.4%. Last year the tax take fell by 0.1% according to the figures for 25 out of the OECD's 30 members. However, this is scant positive news for UK taxpayers, who last year saw the tax-to-GDP ratio remain static at 37.4%, up from 34.8% in 1995. The UK also retains a far higher rate of tax on inc...