Inflation Has Raised Tax Burdens in Many European Union Countries

Potential Nominal Fiscal Drag in European Union Countries

Luxembourg
2.47
Ireland
2.09
Estonia
1.98
Belgium
1.49
Lithuania
1.48
Finland
1.29
Netherlands
1.17
Italy
1.01
Austria
0.95
Portugal
0.92
France
0.78
Slovak Republic
0.67
Denmark
0.6
Czech Republic
0.59
Sweden
0.47
Spain
0.34
Poland
0.25
Latvia
0.17
Germany
0
Hungary
0
Slovenia
0
Greece
−0.14
Note: Increased tax wedge for a worker earning 100% of the average wage when applying the 2019 personal income tax structure to the 2022 nominal wage
Source: OECD, Taxing Wages 2023.
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