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The tax-to-GDP ratio in Israel increased by 1.4 percentage points, from 31.3% in 2016 to 32.7% in 2017. The corresponding figures for the OECD average were an increase of 0.2 percentage points from 34.0% to 34.2% over the same period.
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.
These country profiles focus on countries' domestic legislation regarding key transfer pricing principles, including the arm's length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.
The 2018 update of the OECD database on transboundary movements of wastes is now available for download. Since 1992, transboundary movements of recyclable wastes between OECD countries are regulated by the Council Decision C(2001)107, which was established by the OECD Council, and designed as an agreement under Article 11 of the Basel Convention.
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Israel had the 31st lowest tax wedge among the 35 OECD member countries in 2017. The country occupied the same position in 2016. The average single worker in Israel faced a tax wedge of 22.1% in 2017 compared with the OECD average of 35.9%.
Israel’s economy continues to register remarkable macroeconomic and fiscal performance. Growth is strong and unemployment low and falling. With low interest rates and price stability, financial policy is prudent, and public debt is comparatively low and declining.
The Israeli economy continues to register remarkable performance, with strong growth, low and falling unemployment and sound public finances leading to the 15th consecutive year of economic expansion. Further reforms will be needed to drive down inequality and raise living standards for all Israelis, according to a new report from the OECD.
Government at a Glance provides a dashboard of key indicators to help you analyse international comparisons of public sector performance.