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Hungary tax wedge second biggest among OECD members

Hungary’s tax wedge between labor costs to employers and net take-home pay for average earners was 54.4% of labor costs in 2007, the second-highest level in the OECD, a survey compiled by the OECD shows.

Hungary’s tax wedge was bigger than Germany’s and exceeded only by Belgium’s. The Czech Republic’s tax wedge was just 42.9% and Poland’s was 42.8%. The figures were compiled based on take-home pay for single workers without children at average earning levels. (MTI-Econews)