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OECD

Tax wedge for average single worker increases fractionally

The latest Taxing Wages report from the OECD shows that the tax wedge for the average single worker in Ireland increased by 0.3 percentage points from 33.7% in 2020 to 34.0% in 2021. In 2021, Ireland had the 24th lowest tax wedge among the 38 OECD member countries, occupying the same position in 2020. The tax wedge is a measure of the tax on labour income, which includes the tax…

Effective taxes on wages up in 2021, says OECD

Effective taxes on labour rebounded in 2021 as the global economy recovered and many countries began withdrawing or scaling back measures implemented in response to the COVID-19 pandemic, according to a new OECD report.Taxing Wages 2022 shows that rising household incomes in 2021 coupled with the reversal of many tax and benefit policies linked to the pandemic drove increases in effective taxes on wages across the OECD. This marks a turn-around…