How UK’S tax compares with the world

While our tax-to-gdp ratio exceeds the US, it remains below many EU countries, reports Ashley Kirk

The UK has the 22nd highest tax-to-gdp ratio out of 80 countries, according to data released by the OECD. With total tax revenues standing at 33.2pc of GDP in 2016, the UK has a higher ratio than countries such as the United States, Ireland, Australia and Canada.

Many European countries have higher tax-to-gdp ratios than the UK, with Denmark, France and Belgium holding the highest ratios in the OECD rankings.

Eight European countries, along with Cuba, make up the nine countries on the list where tax revenues stood at more than 40pc of GDP over the course of 2016.