Policy Dimension 4
A well-planned tax policy is essential for fostering a competitive business environment and providing key public services that drive economic growth. The WB6 economies feature a low tax burden, with low corporate and personal income tax rates, resulting in tax-to-GDP ratios below the OECD average. Moreover, their tax mix relies heavily on taxes on goods and services and social security contributions, highlighting the need to diversify revenue sources. While recent efforts have made tax information more accessible to taxpayers, improving compliance, challenges persist regarding the independence of tax administrations and regional cooperation on tax information.
Dimension score by edition
Access to Finance
State-owned Enterprises