OECD report: Hungary has highest wage deductions
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.
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