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Box 1.4:
The ITR on capital is the ratio between taxes on capital and aggregate capital and savings income. Specifically it includes taxes
levied on the income earned from savings and investments by households and corporations and taxes, related to stocks of capital
stemming from savings and investment in previous periods. The denominator of the capital ITR is an approximation of worldwide capital and business income of residents for domestic tax purposes. It comprises of net operating surplus, interests, insurance
property income attributed to policy holders, rents on land and dividends for the sectors non-financial and financial corporations,
households, self-employed, non-profit organisations, general government and rest of the world (for detailed methodological
discussion see methodological annex).
The table below presents the evolution of the denominator of the ITR on capital in percentage of GDP for each Member State.
This ratio varies for most Member States between 20 % and 35 % of GDP. At the low end, Slovenia provides a low ratio of only
18.7 % while at the high end the ratio of capital base to GDP in Ireland and the Netherlands is above 40 %.
Table: Capital tax base to GDP, 1995-2010, in %
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE
UK
NO
1995
34.1
:
31.2
21.3
25.6
:
:
:
:
25.6
41.6
36.2
18.2
27.3
:
23.8
:
32.8
23.0
36.1
29.7
:
16.8
30.9
21.3
24.1
25.8
23.0
1996
33.1
:
30.4
20.4
25.7
:
:
:
:
25.2
42.2
36.2
20.7
31.0
:
25.4
:
33.7
23.7
34.0
28.6
:
16.8
29.3
21.1
21.7
27.3
24.8
1997
32.7
:
29.0
20.1
26.5
:
:
:
:
25.7
39.8
35.8
22.5
30.4
:
28.0
:
36.4
24.1
33.6
27.4
:
19.5
28.8
23.0
22.0
27.9
25.0
1998
32.5
:
31.6
17.8
26.6
:
:
:
:
26.4
37.8
38.1
19.1
28.5
:
27.7
:
35.5
24.8
34.1
26.6
:
19.6
28.4
24.0
20.9
27.6
21.1
1999
30.7
:
31.8
17.9
25.3
:
:
:
:
25.8
36.4
38.9
20.5
27.0
:
27.4
:
35.3
24.2
32.4
26.3
:
20.6
30.0
24.7
19.9
25.3
21.8
2000
32.3
:
31.5
20.0
24.7
31.8
:
:
29.4
26.1
36.9
40.6
25.4
32.4
:
24.8
:
37.7
25.2
34.9
24.8
:
19.1
30.2
27.2
19.6
24.5
30.1
2001
31.9
:
32.4
19.4
24.8
32.5
:
:
29.5
26.3
37.4
39.7
28.2
34.6
:
26.0
:
37.5
24.2
34.0
24.2
:
18.9
32.5
30.1
18.4
23.9
29.4
2002
30.5
:
31.2
20.0
25.1
32.4
50.2
:
29.2
25.2
35.7
37.3
31.3
34.9
:
27.6
:
31.9
25.0
34.6
23.5
:
20.3
31.5
27.0
17.8
24.3
27.3
2003
29.1
:
31.5
17.9
25.4
32.2
49.5
:
28.7
24.9
35.0
32.0
30.4
36.1
:
26.2
:
32.6
25.1
35.7
23.3
:
21.2
30.8
25.3
18.3
26.5
28.9
2004
29.7
:
31.3
17.8
27.2
31.5
47.8
:
28.3
24.9
35.0
32.2
31.4
36.5
:
27.0
:
34.0
26.3
39.3
23.8
:
21.0
34.0
26.2
22.0
26.5
31.7
2005
30.3
:
32.3
20.1
28.8
31.8
45.4
44.0
27.7
24.7
33.8
33.3
28.5
36.6
:
27.0
:
40.6
27.8
38.7
22.2
:
21.1
33.3
25.7
21.3
26.8
36.0
2006
30.8
:
33.3
20.0
31.0
30.3
46.7
44.3
26.7
25.0
32.9
33.5
27.4
34.7
:
29.8
:
41.8
28.1
38.4
21.9
:
22.5
36.1
28.8
26.0
27.1
36.7
2007
31.7
:
33.7
17.2
31.8
29.6
48.7
42.6
26.0
25.8
32.8
34.2
27.1
34.0
:
28.4
:
45.9
28.4
38.7
23.1
:
23.0
37.5
29.4
22.8
26.6
34.1
2008
30.8
:
32.8
16.5
30.9
25.1
43.4
41.0
26.1
25.9
31.7
37.7
23.5
31.6
:
27.0
:
42.0
27.7
37.4
21.2
:
21.3
37.9
25.9
23.2
28.1
34.8
2009
29.6
:
31.5
14.7
27.1
18.5
40.9
40.5
27.6
23.5
29.0
32.1
25.6
29.5
:
23.9
:
36.9
25.3
40.0
21.4
:
19.5
34.9
20.4
18.5
27.0
28.3
O
v
e
r
a
l
l
t
a
x
2010
30.8
:
31.1
:
28.4
23.7
46.5
39.7
:
23.6
29.2
30.7
29.4
33.6
:
27.0
:
43.5
26.7
39.4
22.5
:
18.7
36.4
22.9
19.1
:
30.1
r
e
v
e
n
u
e
40
39.0
37.2 36.9
34.9 34.9
31.1 30.7
30
29.5
28.4 28.4
24.1
22.5
20.7 20.5
20
17.9 17.5
16.7
15.9
14.0
12.5
9.1
10
7.4
6.8
LV
LT
0
DK
Note:
FR
UK
SE
IT
CY
PT
BE
ES
FI
AT
SI
DE
PL
EL
HU
CZ
SK
IE
NL
EE
NO
no data for BG, LU, MT, RO and IS; data for DK, ES and UK refer to 2009
39