In which country in the world are the highest taxes
In countries around the world, tax rates arechange or change only slightly. According to KPMG, the average rates of income, corporate and indirect taxes for the last 7 years (from 2006 to 2013) have changed insignificantly.
If you summarize all types of taxation, thenThe leading country in the world for this indicator is the Gambia. According to data provided by the World Bank and the audit network of PricewaterhouseCoopers, opening a company in the Gambia, for the second year of its existence it will be necessary to pay out 283.5% of profits as taxes. The second country is the Comoros Islands according to the average level of taxation. There, this figure is 217.9%. Also, the figure above 100% was detected in the Democratic Republic of the Congo (118.1%) and Argentina (107.8%). Of the European countries in this list, Italy ranks first with an average tax rate of 65.8%.
Highest corporate tax rate
The highest income tax ratescorporations, according to KPMG, are fixed in the UAE, where the rate is 55%. Significantly lower, but also high rates in the US (40%) and Japan (38.01%). Of the European countries, this rating is led by Belgium with a rate of 33.99% and France (33.33%). The highest rate of indirect taxes
Indirect taxes include taxes,regulated at the federal level and presented in the form of excises, fees, duties. This is a value-added tax, customs duties, sales tax, etc. According to the rating compiled by KPMG, the highest rates of indirect taxes were found in Hungary (27%), Iceland (25.5%), Denmark, Norway, Croatia and Sweden (everywhere 25%). Highest income tax rate
According to KPMG, the highest rateof the income tax in the world is fixed in the jurisdiction of Aruba, which is a subject of the federation within the Kingdom of the Netherlands. There, the income tax rate is 58.95%. In Sweden, this indicator is 56.6%, in Denmark - 55.56%. Income tax rates are also high in the Netherlands, Spain (52% in both countries), Finland (51.13%), Japan (50.84%). In other countries, this figure is below 50%. Lowest tax rates
It is worth noting that there are stillTerritories in which corporate and indirect taxes are not levied: Bermuda, Bahrain, Cayman Islands, Bahamas, Guernsey. In the DPRK officially there are no taxes at all. The lowest income tax rates were recorded in Albania, Bulgaria, Bosnia and Herzegovina and Kazakhstan (10%). In the autonomous territory of Macau and in Belarus, this tax is 12%. Then Russia follows with a rate of 13%.
