![5 Countries with the Highest Tax Rates in the World, Some Contribute Half of Their Income to the Country.](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2023/12/27/1703666168727-k3p9a.png)
![5 Countries with the Highest Tax Rates in the World, Some Contribute Half of Their Income to the Country.](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2023/12/27/1703666168727-k3p9a.png)
Dream - One of the main sources of income for the government in various countries is taxes. This collection can sometimes become the largest source of revenue for a country, which is needed to finance development and other national interests. An example of a country's use of taxes is the provision of adequate healthcare facilities, education subsidies, infrastructure development funding, and various other public services.
The determination of the amount and type of taxes varies from country to country. There is even a term called tax heaven for countries that provide many incentives. However, here are five countries with the highest tax rates in the world.
Quoting Nomad Capitalist, Austria is the 15th richest country in the world in terms of GDP per capita. This country has a well-developed social market economy and a high standard of living.
The highest marginal tax rate in this country reaches 55 percent. In addition to the high income tax rate, this country has a social security rate of 18 percent, bonus payments are charged at a rate of 6 percent, and a capital gains tax of 27.5 percent.
Denmark has an advanced economy. This country is ranked 9th in the world in terms of Gross Domestic Product (GDP) per capita and 6th in terms of nominal GDP per capita.
With a very small population, the Danish government imposes a total tax rate equivalent to 56 percent of per capita income to meet the needs of its population.
Japan is the country with the third largest national economy in the world, after the United States and China in terms of GDP.
"In terms of purchasing power parity, this Sakura Country also has the fourth largest national economy in the world, after the United States, China, and India. However, the economic progress and standard of living of the society must be achieved by its residents with the imposition of the highest marginal tax rate in Japan, reaching 55.97 percent."
"Finland has the highest taxes in Europe and the second highest taxes in the world. The high tax rates make this small country with a population of 5.5 million people on the list of countries with the highest taxes. Just imagine, Finland's highest marginal tax rate reaches 56.95 percent. Finland also has one of the highest capital gains taxes."
People living in Ivory Coast give more than half of their income, or 60 percent, to the government. Located in West Africa, Ivory Coast is on the list of countries with the highest income tax rates in the world.
Tarif listrik tidak naik baik untuk pelanggan non subsidi dan subsidi
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