Competitiveness / Tax & Finance
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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OECD 2016 Revenue Statistics: Czech Republic down one place in tax-to-GDP ratio ranking
The Czech Republic ranked 19th out of 35 OECD countries in terms of the tax-to-GDP ratio in 2015, compared with 18th place in 2014. The VAT Revenue Ratio for the Czech Republic was 0.58 in 2014, above the OECD average of 0.56, recently published OECD tax publications show.
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OECD Business and Finance Outlook 2016: In Czech Republic investment of pension funds & all retirement vehicles at 8.3% of GDP
Total investment of pension funds and all retirement vehicles amounted to 8.3% of GDP in 2015, recently published OECD Business and Finance Outlook 2016says. OECD FDI Regulatory Restrictiveness Index is among the lowest in the OECD area.
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AmCham EU: EC proposal for Simple, Transparent and Standardised (STS) Securitisations is a step in the right direction
AmCham EU is strongly supportive of EU and other international efforts to revive securitisation and therefore welcomes the Commission’s proposal for Simple, Transparent and Standardised (STS) securitisations.
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OECD Taxing Wages Report: Czech tax wedge stabilised
Taxes on labour income for the average worker across the OECD remained stable at 35.9% in 2015, ending a series of steady annual increases dating to 2011, according to a new OECD report. The Czech Republic has the 8th highest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in the Czech Republic faced a tax wedge of 42.8% in 2015 compared with the OECD average of 35.9%.
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