ECONOMY

Greece has highest tax wedges for one-earner families with two kids, OECD report says

Greece has the highest tax wedges (43.4 percent) for one-earner families with two children at the average wage among the 34 countries of the OECD, a new report by the Paris-based organization shows.

The average for OECD countries is 26.9 percent, “Taxing Wages 2015” said.

The report said that child related benefits and tax provisions meant that in 2014 the OECD average tax wedge for married workers with two children was 9.1 percentage points less than for the average single worker.

“In contrast, Greece is the only OECD country where the tax wedge of a family with children is higher (3 percentage points) after cash transfers and tax provisions are taken into account,” it said.