Tax wedge/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the difference between the cost of labour to employers and the take-home pay of employees.) |
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the difference between the cost of labour to employers and the take-home pay of employees. | the difference between the cost of labour to employers and the take-home pay of employees; made up of the sum of personal income tax and employee plus employer social security contributions together with any payroll tax less cash transfers, expressed as a percentage of labour costs (OECD definition). | ||
Latest revision as of 02:51, 20 January 2010
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Tax wedge [r]: the difference between the cost of labour to employers and the take-home pay of employees; made up of the sum of personal income tax and employee plus employer social security contributions together with any payroll tax less cash transfers, expressed as a percentage of labour costs (OECD definition).