10 Least Tax-Friendly Countries. America’s top tax rate of 37% might seem high, but when it comes to tax revenue as a percentage of a country’s GDP, there are plenty of other countries with a higher tax burden than the United States. Taxes provide the funds that a country needs to survive, so it’s a necessary evil. If you take a look at tax rates around the world, you’ll see a wide variation of tax rates. Some nations also have different types of taxes and rules surrounding taxation. Rules and tax rates can even vary within the same country.

28 Nov 2019 Alaska generates 90% of its revenue from its oil and gas industry and boasts a 0 % income tax rate. Oil-rich countries like Oman and Qatar are  7 Jan 2019 Alexandria Ocasio-Cortez recently suggested raising the top tax rate to 70 Sweden is not perfect but it's a successful high-income country  We explain why the famous zero marginal tax rate result for the top earner in the higher than in European countries, or Japan today (Piketty and Saez, 2003;  27 Jan 2014 A top rate of 50% would be above the OECD average but Denmark, Sweden, Belgium, Spain and the Netherlands all have higher rates. Total tax and contribution rate (% of profit) from The World Bank: Data. All Countries and Economies. Country. Most Recent Year. Most Recent Value.

Again according to the OECD, the country with the highest national income tax rate is the Netherlands at 52 percent, more than 12 percentage points higher than 

With the highest tax rate of 50%, Belgium stands fifth place on the list of countries with the highest tax rate. Belgium is paying 50% income tax on its total income. It is a big country, which manages the heavy population of over 12 Million people. In this country, the government collects tax rate from both the state and central level. Kuwait has ranked last for tax > highest marginal tax rate > individual rate since 2003. Austria ranked first for tax > highest marginal tax rate > individual rate amongst Catholic countries in 2009. Germany ranked #4 for tax > highest marginal tax rate > individual rate amongst NATO countries in 2009. Income Tax Top marginal tax rates Top statutory personal income tax rates Average wage in national currency units Average wage in US dollars based on Purchasing Power Parities; Personal income tax Personal income tax & employee social security contributions (All-in rate) Top tax rates Threshold (expressed as a multiple of the average wage Tax breaks are available in Hungary, depending on certain factors such as family size. 4. Slovenia - 34.1% . Slovenia is a country found in southeastern Europe. In 2006, Slovenia passed a motion that simplified the system of taxes collected in the country. Its average tax rate is estimated to be around 34.1%. Which are the countries with the top tax rates on high incomes, and why does it matter? Some people believe that placing high tax rates on the wealthy helps to redistribute income throughout "In the UK, the 45% top rate of tax kicks in at an income level of around $250,000 (£151,000) compared to Italy where the top rate of 43% comes in at $125,000," says Ben Wilkins, a tax partner at

Note: Tax rates are checked regularly by KPMG member firms; however, please confirm tax rates with the country's tax authority before using them to make 

TOP 10 COUNTRIES WITH THE HIGHEST INCOME TAX RATES. JAPAN. Tax rate: 55.95%. The third country with the highest income tax rate in the world is Japan. Located on the Asian continent, Japan is a major industrial country in the world. Tax rates vary in each country, from over 50% to 0% for the average wage earner in the country. Spain, France, and Germany all have the same 30% tax rate for the average citizen, but Germany has the highest average salary. Shockingly, the United States once had a top income tax rate of over 90% in the years after World War II. Given that the top tax rate today is under 40%, this historical rate represents an enormously different culture than prevails today. President Kennedy, a Democrat, campaigned on lowering this tax rate, and it would fall to 71% by 1970. 15 Countries With The Highest Tax Rates In The World 1. Sweden. Sweden stands as the number one country with the highest income tax rates on Earth – just 2. Portugal. Portugal’s high taxes might come as a surprise to some, 3. Japan. Come to Tokyo to marvel at the city’s grandeur, Use our interactive Tax rates tool to compare tax rates by country or region. Note: Tax rates are checked regularly by KPMG member firms; however, please confirm tax rates with the country's tax authority before using them to make business decisions. Tax breaks are available in Hungary, depending on certain factors such as family size. 4. Slovenia - 34.1% . Slovenia is a country found in southeastern Europe. In 2006, Slovenia passed a motion that simplified the system of taxes collected in the country. Its average tax rate is estimated to be around 34.1%. The top income tax rate is applied to the share of income that falls into the highest tax bracket. If a country has five tax brackets with a top income tax rate of 50 percent at a threshold of €1 million, then each additional euro of income over €1 million would be taxed at 50 percent.

Use our interactive Tax rates tool to compare tax rates by country or region. Note: Tax rates are checked regularly by KPMG member firms; however, please confirm tax rates with the country's tax authority before using them to make business decisions.

1 Apr 2013 At 60.2%, Denmark last year had the highest top personal income tax rate among the 34 countries in the OECD, an organization of developed  7 Aug 2017 Compared with nations in the OECD — the Organization for Economic Cooperation and Development, a group of highly developed countries —  3 Mar 2017 the highest rates set by subnational governments in a given country Top Statutory Corporate Income Tax Rates in G20 Countries, 2003 and 

11 Nov 2019 Sweden has the highest tax rate in the world. Image: REUTERS/Fredrik Sandberg/TT News Agency. With the collaboration of Statista. 11 Nov 

Figure 1 shows falling CIT rates in low income countries too. The rising mobility of capital, illustrated by rising levels of FDI as a share of GDP in Figure 2, seems to   3 Nov 2014 The highest marginal corporate tax rate, which we consider here, is simply the highest tax rate shown on a country's schedule of corporate 

With the highest tax rate of 50%, Belgium stands fifth place on the list of countries with the highest tax rate. Belgium is paying 50% income tax on its total income. It is a big country, which manages the heavy population of over 12 Million people. In this country, the government collects tax rate from both the state and central level. Kuwait has ranked last for tax > highest marginal tax rate > individual rate since 2003. Austria ranked first for tax > highest marginal tax rate > individual rate amongst Catholic countries in 2009. Germany ranked #4 for tax > highest marginal tax rate > individual rate amongst NATO countries in 2009.