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Income tax per country

A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main indicative types of taxes: corporate tax, individual income tax , and sales tax. List of Countries by Personal Income Tax Rate – provides a table with the latest tax rate figures for several countries including actual values, forecasts, statistics . By expanding the sample of tax jurisdictions from the OECD member states to 2countries and tax jurisdictions around the worl we find the United States corporate tax rate of 38.

The United States statutory corporate income tax rate is 15.

Its top progressive rate is. Income from property, work, investments and miscellaneous sources is all taxable. Capital gains tax rates . Tax rates vary dramatically by country.

Highest top personal marginal income tax rate (most recent years available) ( 3). In which countries do high earners pay the most tax? And where do average earners pay the most?

Income tax has been a political hot potato for decades. Corporate and capital income taxes. Value Added Tax (General Sales Tax) and selected Excise Duties.

Information on Tax Administration. Each country provides detailed information on the data presented within the personal income tax rates, social security contributions, . Niall McCarthy , Contributor Data journalist covering technological, societal and media topics Opinions expressed by Forbes Contributors are their own. Where in the world do people . There are many ways to compare the tax burden that different countries place on their citizens—for example, the lowest income tax rate in a country , the highest income tax rate , corporate tax rates, marginal tax rate thresholds, the highest or lowest tax wedge, and so on.

However, comparing tax rates can . It has one of the highest sales tax rates in the country at 9. Tennessee gets you in other ways. The country with the highest income tax is Belgium, with an average rate of 40. The value-added tax (VAT)—a type of general consumption tax collected in stages—is the main source of consumption tax revenue , employed worldwide in 1countries including all OECD member countries except the United States. Most consumption tax revenue in the United States is collected by state and local. CBO expanded the analysis to include average tax rates, which were estimated on the basis of information reported for income and taxes paid by corporations in a given year.

And they should focus on large, high- income countries , which companies likely view as similar to the United States as potential places to locate and invest in for non- tax reasons.

After accounting for tax breaks and loopholes, U. Higher earners pay income and social . Such a person living in Belgium, by contrast, would pay of her gross income.