OECD publishes Revenue Statistics in Asian and Pacific Economies report
Released 29 November 2018
The Organisation for Economic Co-operation and Development (OECD) has published the fifth edition of Revenue Statistics in Asian and Pacific Economies.
The Revenue Statistics in Asian and Pacific Economies publication is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre with the co-operation of the Asian Development Bank (ADB), the Pacific Island Tax Administrators Association (PITAA), and the Pacific Community (SPC) with the financial support of the European Union and the Government of Japan. It compiles comparable tax revenue statistics for Australia, the Cook Islands, Fiji, Indonesia, Japan, Kazakhstan, Korea, Malaysia, New Zealand, Papua New Guinea, the Philippines, Samoa, Singapore, the Solomon Islands, Thailand and Tokelau and comparable non-tax revenue statistics for the Cook Islands, Papua New Guinea, Samoa and Tokelau. The report shows that tax-to-GDP ratios fell in most of the 16 Asian and Pacific economies covered by the report between 2015 and 2016 due to a combination of policy reforms and decreasing natural resource prices. While tax revenues have increased in a majority of Asian and Pacific economies over the last decade, the report finds that only three out of the 16 economies increased their tax-to-GDP ratios between 2015 and 2016 compared to nine in the previous year.
For more information and to view the report, see Asian and Pacific economies: decreases in tax revenue highlight need to broaden tax bases.