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Top 10 : Counties with High Income tax rate

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Governments around the world are trying their best to achieve the right balance between the rise in overall net revenues, personal income tax rates and tax credits.

Thus, there is no doubt that the personal tax rate discussions is pretty much a high profile agenda for the government. This is not just an area of prime discussion in India, but in other nations as well.

For instance, Spain raised its personal tax rate by 2 percentage points to 45 per cent last year, according to a report by CNBC. While in US the tax rate is 35 per cent. As per the study conducted by KPMG in 2011, there are nations that have a higher rate than US.

Read below to find out which countries have the highest tax rate along with the tax rate. Compared to this Indian is far better.

  1. Aruba – 58.95%
  2. Sweden – 56.6%
  3. Denmark – 55.4%
  4. Netherlands – 52%
  5. Austria – 50%
  6. Belgium – 50%
  7. Japan – 50%
  8. United Kingdom – 50%
  9. Finland – 49.2%
  10. Ireland – 48%

 

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