Tax burden is a composite measure that reflects marginal tax rates on both personal and corporate income and the overall level of taxation (including direct and indirect taxes imposed by all levels of government) as a percentage of gross domestic product (GDP).
With an equal weighting system, it allows a country to achieve a score as high as 67 percent based on two of the components even if it receives a score of 0 percent on the third. The country's fiscal freedom ranges between 0 and 100, where 100 represent the maximum degree of fiscal freedom.
Type of variable: Continuous
Last updated by source: 2021-01-29