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Band 7+: The table below gives the information about the amount of tax collected (as % of GDP) in five countries for 4 years between 1975 and 2005

Image for topic: The table below gives the information about the amount of tax collected (as % of GDP) in five countries for 4 years between 1975 and 2005
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The image presents a table showing tax collected as a percentage of GDP across five countries in four selected years: 1975, 1985, 1995, and 2005. In 1975, Sweden is at 46%, USA at 25.1%, Korea at 15.1%, Japan at 10.5%, and Turkey at 16.4%. By 1985, the figures are Sweden 47%, USA 25.4%, Korea 17%, Japan 16%, and Turkey 15%. In 1995, Sweden reaches 51%, USA 27.1%, Korea 26%, Japan 23%, and Turkey at 24%. For 2005, Sweden is at 70.1%, USA 27.4%, Korea 30.4%, Japan 32.1%, and Turkey 27.4%.
Given the complexity of the image, the above description may not be entirely accurate.
Note: Both the topic and the answer were created by one of our users.

The table depicts the amount of tax, expressed as a % of GDP, recorded in five countries from 1975 to 2005.

Overall, the amount of tax collected in the five countries had risen consistently throughout the years, with Sweden hitting an all-time high in tax collection. Remarkably, the figure for Turkey initially decreased in 1985 and then grew sharply in 2005.

In 1975, Sweden had the highest tax collection at 46%, followed by the USA at 25.1% and Korea, Japan and Turkey, all around 15%. Over the next 30 years, the figure for Sweden recorded a significant rise, reaching 70.1% in 2005. In comparison, the USA’s tax rate hovered around 27.4% in 2005, indicating a modest increase.

Regarding other countries, in 1975, the tax collection rate of Japan, Korea and Turkey ranged from 15.1% to 16.4%, which was a similar rate. 32.1% of Japan’s tax rate had been registered at 32.1%, 4% higher than that of Korea and Turkey in 2005, with 27.3% and 27.4%, respectively. However, during the period, Turkey saw a downward trajectory in 1985, which decreased from 16.4% to 15% and the increasing trend mentioned above in 2005, whereas the others experienced consistent growth.

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Answers On The Same Topic:

The table below gives the information about the amount of tax collected (as % of GDP) in five countries for 4 years between 1975 and 2005

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