OECD report: Greek tax burden on the rise

A report released Tuesday shows that Greece is among the countries of Organization for Economic Cooperation and Development (OECD) with the highest tax wedge - the difference between before-tax and after-tax wages, including the tax paid by both the employee and the employer.

In the OECD report "Taxing Wages 2017," Greece had the 14th highest tax wedge among the organization's 34 countries.

It held the 15th highest position in 2015.

According to the report, the average single worker in Greece faced a tax wedge of 40.2 percent in 2016 - an increase of 1.06 percent since 2015 - compared with the OECD average of 36 percent - a drop of 0.07 percent.

The increased tax burden in Greece was due to hikes in income tax and social security contributions of workers and employers.

In Greece, income tax and employer social security contributions account for 69...