Our Scans · Tax Morale · Weekly Summary

• Indians were generally conservative and God-fearing, but they do not see tax evasion as a moral problem. TaxGuru
• In the USA, because public schools are financed from locally raised property taxes, educational opportunities depend heavily on private wealth even within the public school system. OUP Academic
• The budget balance deteriorated and public debt rose markedly during the COVID-19 pandemic, while population ageing is expected to increase public spending in the coming years through higher expenditures on pensions, health care and long-term care. OECD
• Think-tank the International Longevity Centre found the state pension age, which is currently 66 but will rise to 67 from 2027, might need to hit at least 70 by as early a 2040 to maintain the current dependency ratio of retirees drawing their state pension to tax-paying workers. Personnel Today
• Japan faces acute demographic constraints owing to the rapid ageing of its society and the now falling population, which threaten the SDF's human capital base. Internationale Politik Quarterly
• The ongoing ageing of the UK population will put significant upward pressure on inactivity over the forecast period. Office for Budget Responsibility
• Tax reforms meanwhile could help Estonia to prepare for future challenges such as population ageing, which will increase health and pension spending. Emerging Europe
• Over the medium term, Latvia will need to put in place a credible fiscal strategy to prepare for rising costs related to population ageing and climate change. OECD
• Long-term challenges, including climate change and the UK's ageing population, will see fiscal pressures starting to build over the coming decades, as highlighted in recent OBR reports. UK Government
• One place where changing policy defaults in the UK could lead to better fiscal policy outcomes could be around how the public finances adjust to long-run pressures such as an ageing population. Institute of Fiscal Studies
• The median OECD country would require an increase in structural revenue of 8 percentage points of GDP by 2060 to stabilise public debt ratios near current levels, mostly due to higher expenditures linked to population ageing. OECD
• The LTC system in Portugal is expected to face increasing pressure in the coming years especially due to the ageing of the population that will probably translate into higher demand and into less financial resources deriving from taxes in order to ensure the future supply of LTC. Europa
• The ageing of Japan's population will continue to shrink fiscal space because of the increased social security cost and the consequent increase in government debt. East Asia Forum
• Spain's public debt would only decline to 116% of GDP by 2050 in a scenario offsetting ageing costs, but rise to 171% if ageing costs are not offset. OECD
• As highlighted by the Irish Fiscal Advisory Council, an ageing population will have major implications for public spending, while overreliance on corporation tax receipts have been well documented. Central Bank of Ireland
• Luxembourg will face the largest increase in the total cost of ageing in the EU by 2070. SlideShare
• The long-term fiscal sustainability risk indicator S218 points to medium risks, as a permanent increase in Italy's structural primary surplus of around 3.2 percentage points of GDP would be needed to keep its debt-to-GDP ratio stable over the long term, also due to the costs of ageing. Europa
• As in much of the developed world, the trend towards population ageing is projected to continue in Scotland over the coming years and decades, with implications for public policy, and the sustainability of tax revenues and the public finances. SPICe Spotlight | Solas air SPICe
• Ageing costs in the euro area will peak in the early 2040s with the baby boomer generation in retirement, and partly decline from 2050 onwards. ECB
• Death and taxes are the only two things certain in life and the UK life insurance sector is benefiting from longevity trends not being as onerous as once expected. Guardian Sustainable Business

Last updated: 25 June 2026