Question

Of the following countries, which country’s government collects the least amount of tax revenue as a percentage of that country’s total gdp?

O france
O united states
O canada
O sweden

Answer 1

The United States collects less tax revenue as a percentage of GDP compared to the other countries listed. U.S. federal taxes typically range from 17% to 20% of GDP.

Step-by-step explanation:

Tax revenue as a percentage of GDP varies significantly among different countries, based on their respective economic policies and social frameworks. Among the countries mentioned—France, the United States, Canada, and Sweden, the United States historically collects less tax revenue relative to its GDP. U.S. federal taxes have typically stayed within the range of 17% to 20% of its GDP, except during economic downturns such as the recession in 2009. Sweden, on the other hand, is known for its high tax-to-GDP ratio, given its extensive welfare state and public services. France and Canada have comparatively higher tax revenues as a percentage of their GDP than the United States but less than Sweden.

Taxes are critical for funding government programs and services, as they are essential for the maintenance and development of infrastructure, regulation enforcement, military, and disaster relief. Without taxes, these necessary services would be compromised. Moreover, international cooperation, such as the agreement by the G-7 nations, is essential for establishing a global tax framework to prevent tax evasion and ensure fairness.