South Korea's per-capita tax burden reached US$6,314 (approximately 6.83 million won) as of 2013, which is the sixth lowest among 29 member states of the Organization for Economic Cooperation and Development (OECD), the OECD secretariat said on Monday.
Luxemburg topped the list with $48,043. Other top-ranked countries include northern European nations, such as Norway, Denmark, Sweden, that have huge welfare budgets.
Denmark had the highest tax-to-GDP ratio (48.6 percent), followed by France (45 percent) and Belgium (44.6 percent).
Mexico (19.7 percent) and Chile (20.2 percent) had the lowest tax-to-GDP ratios, followed by South Korea (24.3 percent), and the United States (25.4 percent).
Per-capita tax burdens of the 29 countries surveyed averaged $15,634.
Countries whose per-capita tax burden exceeded $20,000 include Switzerland, Finland, Austria and Belgium.
Turkey ranked the lowest in terms of per-capita tax burden with $3,167. Other low-ranked nations include Chile, Hungary, Slovakia and Estonia.
reporter
Park Sae-jin
swatchsjp@ajunews.com
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