BRITONS are paying more taxes on income than their counterparts in France, Germany or America, research shows.
Tax raids on individuals’ earnings, profits and capital gains came in at 10.5 per cent of GDP.
Britain was placed only behind Canada and Italy among G7 nations in the standings, the figures from the OECD for 2023 show.
The revelation comes ahead of the impact of extending the income tax threshold freeze announced at the Budget by Rachel Reeves.
The figures also show that France has an overall higher tax burden than the UK, the Organisation for Economic Co-operation and Development reveals.
Meanwhile, the OECD also revealed that the UK’s property tax burden is the fourth worst out of 38 countries.
It comes as the Tories announced scrapping stamp duty at their party conference.
Shadow Chancellor, Sir Mel Stride said: “Britain’s property taxes are already among the highest in the developed world.
“Yet Labour’s answer is always to add more tax.
“Conservatives will take a different path.
“We will abolish stamp duty on main homes and get Britain growing.”
