How much do they leave in your pocket?
The Economist has published an interesting – and if you live in Belgium or Germany, depressing – table showing what percentage of an employer’s labour costs doesn’t arrive in employee’s pay packets. In Belgium and Germany, more than 50% lands in the government’s pocket or pays for compulsary insurance.
What did surprise me, is that Hungary is in position three, I thought the “New European Countries” that used to be behind the iron curtain were the countries which had embraced “lean taxation” – not in this case, it seems.
March 27th, 2007 at 11:03:52
that’s a real surprise.