The Independent emphasizes the importance of on-the-ground journalism in times of critical political change in the US, covering issues from reproductive rights to climate change. It also highlights a recent analysis indicating that the UK holds the highest property tax burden among developed nations at 3.7% of GDP, surpassing other countries like Luxembourg and France. In contrast to a slight decrease from the previous year, the UK’s rate remains significantly above the average of the G7 nations, raising concerns about the financial strain on households and businesses.
The UK's property tax burden was 3.7% as a proportion of GDP in 2023/24, higher than any other developed nation, as reported by Ryan.
Despite a slight decrease in the property tax ratio from the previous year, the UK significantly surpassed the G7 average of 2.7%, highlighting its tax burden.
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