The Tax Wedge and Productivity in OECD Countries

The OECD Factblog highlighted a comparison of tax burden across the OECD countries. The main findings of the comparison is that overall tax burden, measured as a percentage of labor costs, is the highest in Western European countries. Belgium, Hungary, Germany and France are the countries with the highest overall tax burden while Ireland, . . . → Read More: The Tax Wedge and Productivity in OECD Countries

Japan’s Growth Up 4 Straight Quarters – GDP Now at 4.9%

In Q1 2010, the Japanese economy grew at a quarterly rate of 1.2% the government said on Thursday. The four straight quarters of growth now bolster assertions that Japan’s recovery is holding firm.

Their annualized growth rate of 4.9% was released by the Japanese Cabinet Office and accelerated from 3% for the Japanese economy’s . . . → Read More: Japan’s Growth Up 4 Straight Quarters – GDP Now at 4.9%

Economic Events on May 24, 2010

At 10:00 AM EDT, the Existing Home Sales report for April will be released.  The consensus is that 5.6 million existing homes were sold last month, which would be a small increase over March that is being attributed to the incentives that were part of the economic stimulus package.

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