Tuesday , December 11 2018
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France Overtakes Denmark for Top Spot in Most Taxes as Percent of GDP

Summary:
The OECD reports Tax Revenues Rise.The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose slightly in 2017, to 34.2%, compared to 34.0% in 2016. The OECD average is now higher than at any previous point, including its earlier peaks of 33.8% in 2000 and 33.6% in 2007.France Overtakes Denmark​The tax collection blue ribbon now goes to France. Congratulations!Vs the OECD average of 34.2%, French taxes amount to 46.2% of GDP. Denmark, Sweden, Italy, and Greece round out the top five.In addition to the blue ribbon, what else does France get?RiotsAmusingly, it was a promise delivered: Macron Promised a Revolution, He Got One, Against HimselfIn response, I offer this bit of political advice: Politicians Beware: It's Best Not to

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The OECD reports Tax Revenues Rise.

The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose slightly in 2017, to 34.2%, compared to 34.0% in 2016. The OECD average is now higher than at any previous point, including its earlier peaks of 33.8% in 2000 and 33.6% in 2007.

France Overtakes Denmark

The tax collection blue ribbon now goes to France. Congratulations!

Vs the OECD average of 34.2%, French taxes amount to 46.2% of GDP. Denmark, Sweden, Italy, and Greece round out the top five.

In addition to the blue ribbon, what else does France get?

Riots

Amusingly, it was a promise delivered: Macron Promised a Revolution, He Got One, Against Himself

In response, I offer this bit of political advice: Politicians Beware: It's Best Not to Deliver What You Actually Promise.

How Did This All Start?

Good question.

Macron raised diesel taxes to pay for the global warming reduction effort that he campaigned for.

Where Are We Now?

That's another good question.

In response to the riots, please note: France Suspends Diesel Tax Hike.

Musical Tribute

I am certain readers would like a fitting musical tribute to these events. I posted this before but who can resist another Beatles tribute?

Comment of the Day

You say you want a revolution. Well, you know. We all want to change the world.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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