Is tax revenue as percentage of GDP is different as tax receipt as percentage of GDP? "Definition of 'Tax-To-GDP Ratio' The ratio of tax collection against the national gross domestic product (GDP). Some states increase the tax-to-GDP ratio by a certain percentage in order to cover deficiencies in the state budget revenue. (What is this mean?)In states where the tax revenue has gone up significantly, the percentage of tax revenue that is applied towards state revenue and foreign debt is sometimes higher." Let's see Greek for example in the 2010 statistics Official GDP is 227 billion Euros Official tax revenue as percentage of GDP 33.2% Tax revenue 75.4 billon euro. - Really? How can that be when the official figure of total tax receipt is only 45.6 billion euro or 20.1% of GDP. Looks like borrowing in Europe is not only part of the GDP, but in tax revenue as well. (Greek borrowed about 30 billion euros in 2010) Looks to me in Europe every country interest is: 1, pump up GDP figures with BS numbers so the 3% allowed deficit is a larger figure 2, , pump up tax revenue figures also, and even add the borrowing to it, so looks not so bad as the percentage of GDP statistic. More money European countries borrow, better their tax revenue and GDP statistic looks. :lol: Greel is EL Look:
