TOKYO -- Countries like Indonesia and Malaysia lag behind the global average in terms of tax revenues collected as a proportion of gross domestic product, even falling behind many Latin American and Caribbean countries.
The Organization for Economic Cooperation and Development said in a recent report that Indonesia, Singapore, Malaysia and the Philippines recorded tax-to-GDP ratios of 11.8%, 13.6%, 15.3% and 17.0%, respectively, in 2015. All bar the Philippines registered a fall in the ratio compared to a year earlier.
