ADVERTISEMENT

OECD report: Hungary has highest wage deductions

Conferences

Among OECD countries, Hungarians paid the highest percentage of gross wages toward taxes and social contributions in 2013 – 35% for minimum wage, followed by Latvia’s 27%, Poland’s and Germany’s 26%, and Slovenia’s 23%, the OECD’s Employment Outlook 2015 reveals.

The calculations by the OECD (Organization for Economic Co-operation and Development) are based on a full-time worker in a single-person household being paid minimum wage at a standard adult rate.

The OECD Employment Outlook 2015 reviews recent labor market trends and short-term prospects in OECD countries, looking at: recent labor market developments, especially around minimum wage; skills and wage inequality; activation policies and inclusive labor markets; and job quality.

ADVERTISEMENT

Household income improved in Q1 Analysis

Household income improved in Q1

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.