Spanish workers

allocate 39.3% of their salary to pay taxes and

social contributions, which is

five points

higher than the average of the Organization for Economic Cooperation and Development (OECD).

And, in addition, the data that the OECD itself has released today in its

Taxing Wages

report reveals that the Spanish figure has increased by 28 basis points between 2020 and 2021, while the total average is reduced by 0.06 points.

Specifically, personal income tax weighs 11.3% on the salary in Spain, compared to 13% of the OECD average.;

social contributions paid by companies account for 23% and those paid by workers, 4.9%, while the average of the so-called club of developed countries is 13.5% and 8.2%, respectively.

The biggest difference, therefore, occurs in the field of social contributions, which both on the part of the company and on the part of the worker form part of the total salary of the taxpayer, and

that in 2023 will register a total increase of 0, 6%

as part of Escrivá's pension reform.

Conforms to The Trust Project criteria

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